Reviewed by Gotrade Internal Analyst
Gotrade News - Asian stock markets mostly rallied on Thursday (12/02) following the latest United States jobs data. Investors must now adjust their rate cut expectations amid a surprisingly stable global economy.
The US Labor Department reported an addition of 130,000 jobs during the month of January. This impressive achievement easily crushed the initial forecasts made by top market economists.
Key Takeaways:
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Strong US labor data will likely delay the upcoming interest rate cuts.
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Asian stock markets reacted positively to the local economic growth sentiment.
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Energy sector stocks gained momentum while crypto-related assets faced sudden drops.
Capital Economics economist Jonas Goltermann noted that labor market stability is becoming very clear. This solid macroeconomic condition makes the chances of another benchmark rate cut quite low.
Trading records showed a mixed Wall Street performance at the closing bell on Wednesday (11/02). The S&P 500 and Nasdaq indices dipped slightly due to shifting interest rate expectations.
Regular trading data revealed that Robinhood Markets stock tanked 8.8% following lower crypto volumes. Digital asset prices have recently plummeted from their all-time highs set back in October.
Market reports also showed Moderna shares sliding 3.5% during the recent trading session. This price drop happened after regulators refused to review the company's newest flu vaccine application.
Conversely, market data recorded solid gains for stocks in the energy and raw materials sectors. Exxon Mobil stock successfully climbed 2.6% amid a broader positive trend in global energy.
Market trackers also highlighted a slight 0.4% recovery for Kraft Heinz shares today. Company management announced a pause on their plan to split into two separate business entities.
Asian market monitors noted that Tokyo's Nikkei 225 index smashed the 58,000 level today. Prime Minister Sanae Takaichi's victory makes investors expect fresh policies to spur new economic growth.
South Korean exchange reports recorded similar positive sentiment pushing the Kospi index up 2.5%. This stock market surge was heavily supported by sharp rallies across various technology sector stocks.
That’s the market update worth watching today. Follow Gotrade News for timely coverage on US stocks, ETFs, and macro moves that shape market direction. For a structured starter guide, visit the Gotrade Blog to learn the basics and build your plan.
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Reference:
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AP News, Asia shares mostly gained after Wall Street wobbled over strong jobs report. Accessed on February 12, 2026
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