Asian markets build on rally as US jobs data boost rate cut hopes

Hong Kong (AFP) May 6, 2024

Most Asian markets rose Monday after data showing fewer US jobs were created last month rekindled optimism interest rates will be cut this year, while mainland Chinese equities bounced on hopes for fresh government economic support. A tech rally saw the Nasdaq lead Wall Street up after Friday's non-farm payrolls figures, which helped soothe concerns that forecast-busting inflation figures at