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Markets fluctuate as US jobs data knocks rate hopes

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Asian equities wobbled on Friday at the end of a draining week as fresh US jobs data put revived bets on two more Federal Reserve interest rate hikes.

Traders are growing increasingly worried about the slow pace of progress in talks to avert a US debt default.BEIJING - Asian equities wobbled on Friday at the end of a draining week as fresh US jobs data put revived bets on two more Federal Reserve interest rate hikes, adding to ongoing worries about China's economy.

The uncertainty in Asia followed a sell-off in New York, where tech titans were hammered after earnings reports from Netflix and Tesla disappointed.

 

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