Reported about 3 hours ago
Asian stocks surged, led by Japan's Nikkei which rose 2%, while the US dollar hit a seven-week high against the yen following strong US labor data. The positive payroll report alleviated recession fears and altered interest rate expectations, leading to increased short-term Treasury yields. Australia's and South Korea's stocks also made gains, while oil prices eased despite ongoing geopolitical tensions.
Source: YAHOO