Asian stocks track Wall St rally as US jobs data ease recession fears

Asian stocks rallied Friday as investors breathed a sigh of relief after US jobs data soothed concerns that the world’s top economy could tip into recession, bringing a painful week to a positive end.

Equities across the planet have seen big fluctuations since a closely watched gauge of the US labour market came in well below forecasts and fanned fears the Federal Reserve may have waited too long to cut interest rates.

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