Asian markets swing ahead of US jobs

By Agence France-Presse

Dec 09, 2023 12:14 am

HONG KONG: Asian markets fluctuated on Friday as traders tried to track a Wall Street rally ahead of crucial US jobs data, while Tokyo took a hit from an extended yen rally on bets Japan will drop its ultra-loose monetary policy.

A volatile week looked set to end on a positive note as a series of figures indicated the US labor market and economy were slowing, fueling speculation the US Federal Reserve (Fed) will be able to cut interest rates in early 2024.

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