US jobs erased, markets rally on expected rate cuts
The largest US payroll revision since 2002 erased 911,000 jobs, lifting markets on expectations of rate cuts. The focus now is whether the Fed moves by 25 or 50bps. In Asia, Japan’s Nikkei surged past 44,000 on easing auto tariffs and PM Ishiba’s exit, while Hong Kong’s Hang Seng gained on tech strength.
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