Global stocks mostly rise as beaten-down tech enjoys bounce

Asian and European stock markets surged Friday, buoyed by a rebound in tech shares and diminished expectations of imminent US interest rate hikes. A weaker-than-anticipated US jobs report eased concerns about aggressive Fed tightening, prompting a recovery in the yen and boosting global investor sentiment. This shift provided a welcome respite for markets, particularly in Europe, which benefited from lower borrowing cost outlooks.

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