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Asian markets drop as US jobs deal fresh blow to early rate cut hopes
Asian markets drop as US jobs deal fresh blow to early rate cut hopes
Economy
by  AFP

Asian markets stumbled out of the gates Monday, extending last week's grim start to the year, after a forecast-busting US jobs report further dampened hopes for an early interest rate cut. "Solid US jobs growth, cautious Fed minutes and a still robust US economy raise doubts about markets' aggressive Fed rate-cut expectations."