Asia builds on global stocks rally as US jobs data cements rate hopes

Markets rallied again Monday following another strong performance on Wall Street, as below-forecast US jobs data fanned optimism that the Federal Reserve had reached the end of its interest rate hiking cycle.

After a tough year for traders, the bank’s decision last week to pause on monetary policy for a second meeting and hint that it would not tighten further has provided some much-needed vigour, and sparked talk of a new year cut.

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