Market News

    Asia Stocks : KOSPI hits record high, Nikkei tops historic 58,000; US jobs in focus

    Most Asian stock markets rose on Thursday, with South Korea surging to record highs on sharp gains in chipmakers, while Japanese shares traded flat after touching a fresh record peak above 58,000 points amid "Takaichi trade" optimism.

    However, gains across the region were capped after strong U.S. jobs data pointed to robust labor market growth, easing concerns about the health of the world’s largest economy but dampening expectations for near-term Federal Reserve rate cuts.

    Source : Investing.com