Asian stocks climb after weak U.S. jobs data; Kospi jumps over 6%, MSCI ex-Japan up 2.2%
AI Market Summary
Asian equities rallied after a softer-than-expected U.S. jobs report reduced perceived urgency for further Fed tightening, improving global risk appetite. Gains were broad (MSCI Asia ex-Japan +2.2%), with Korea's Kospi surging on renewed chip-sector interest, and U.S. S&P 500 e-mini futures firmer. Regional data showing improving Japan services activity and stronger China services export demand reinforced a supportive growth backdrop.
Impact level
● Medium
Affected assets
NCSINASDAQ1002USD/USDT-0.34%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
▲ Bullish
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Asian equities rose broadly on Friday, with the MSCI Asia Pacific index excluding Japan up 2.2% and South Korea’s Kospi surging more than 6%. Japan’s Nikkei 225 added 1.2%, while S&P 500 e-mini futures gained 0.4%. The gains followed a weaker-than-expected U.S. nonfarm payrolls report that eased the perceived urgency for further Federal Reserve rate hikes, lifting risk sentiment.
