Asian stocks rose Friday, tracking Wall Street, as US jobs data eased recession concerns.

Asian stocks rose on Friday, tracking the positive trend from US Wall Street, following reassurances from US jobs data that alleviated concerns of a recession. The upturn was a relief to investors after market fluctuations in response to the closely watched US gauge. The rally can be attributed to favorable US employment figures, which momentarily eased economic uncertainties.

August 09, 2024
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