A woman walks past an electronic screen displaying the stock index prices of Asian countries outside a brokerage in Tokyo, Japan April 24, 2025. REUTERS/Issei Kato
TOKYO: Tech shares rallied on Thursday, driving Asia stock indexes higher, while gold hovered near a record high and the dollar languished as a weak U.S. labour market report bolstered bets for Federal Reserve interest rate cuts.
The U.S. government shutdown made it a near certainty that crucial monthly payrolls data won't be released on Friday, but overnight the private ADP employment report showed the economy unexpectedly shed jobs in September, with the prior month also revised to a decline.
