Most Asian markets rise after strong US jobs, rebound in banks

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Asian markets rose on Monday, tracking a rally on Wall Street fuelled by a strong rebound in US regional banks and forecast-beating jobs data.

Asian markets were on the front foot as traders took heart from US jobs data and a rebound in the country's regional lenders following last week's turmoil.BEIJING - Asian markets rose on Monday, tracking a rally on Wall Street fuelled by a strong rebound in US regional banks and forecast-beating jobs data that eased fears over a recession in the world's top economy.

An indication last week from the US Federal Reserve that it could pause its interest rate hikes -- after announcing another increase -- did little to soothe concerns. Investors have fretted for months that the long-running programme of monetary tightening aimed at defeating soaring prices will spark a recession.

 

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