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Asian Markets Surge On US Rate Hopes, Tech Fired By Chip Deal
International Business Times·2025-10-02 11:06

Asian equities jumped Thursday after data showing job losses in the US private sector fanned optimism for more interest rate cuts and overshadowed a partial shutdown of the country's government.Tech firms led the way higher as a deal between South Korea's biggest chip firms and OpenAI added fuel to the AI-led rally that has helped push markets to record highs.While debate rages over the impact of the closure of some US departments owing to a standoff between lawmakers in Washington, investors continue to fo ...