Asian shares rally as investors await U.S. jobs data

Published by
Reuters

By Kanupriya Kapoor and Stella Qiu SINGAPORE (Reuters) – Asian shares mostly rose on Friday, snapping two days of losses after expectations grew that U.S. jobs data due later in the day would reinforce the need for faster U.S. interest rate hikes. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.7%, boosted by gains in Australia where the local benchmark climbed 1.3%, led by bank stocks. Japan’s Nikkei, however, slipped 0.1%. China and Hong Kong stocks edged higher on hopes that Beijing will roll out more support measures to prioritise economic stability. Hong Kong stocks a…

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