July 3, 2026 9:11 AM
Asian markets find footing as US jobs data, PMIs lift stocks
Stocks rose during the Asian trading session on Friday after a lukewarm U.S. jobs report poured cold water on the prospect of an imminent rate hike from the Federal Reserve and regional activity gauges pointed to an economic expansion during June. After a shaky start, MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.3% following two consecutive days of declines. South Korea's Kospi swung between gains and losses, and was last up 3% as buyers pounced on battered chipmaker stock...