Asian markets track Wall St higher as rate hopes rise, eyes on US jobs

Hong Kong (AFP) May 3, 2024

Hong Kong led another rally across Asian markets Friday thanks to a surge in tech giants, while the yen extended gains against the dollar on revived hopes for US interest rate cuts. The gains come as traders turn their attention to the release of key US jobs data due later in the day, which could play a major role in the Federal Reserve's decision-making on when to lower borrowing costs.