Asian stocks rebound as jobs data calms market jitters: Markets wrap

August 9, 2024

Asian equities saw gains on Friday as resilient US labor market data lifted investor confidence. Markets in Japan, South Korea, and Australia were bolstered, and US stocks had a significant rally. Jobless claims in the US were lower than anticipated, easing recession fears and encouraging investment in riskier assets, including cryptocurrencies.

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Mcap of nine of top-10 most valued firms surges by Rs 2.34 lakh crore; Reliance biggest gainer

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