Asian stocks jump on hopes Fed will stay rates

In Asian markets, Tokyo gained 1.13% during morning trade on October 5, 2015Asian equity markets opened higher on Monday after a weak US jobs report fuelled speculation that the world’s number one economy isn’t ready for an interest rate hike any time soon. Markets across Asia tracked Friday’s surge on Wall Street after a September unemployment report increased the likelihood the US Federal Reserve will keep key interest rates near zero for longer. “The Fed is extremely unlikely to begin policy normalisation as soon as this month and December is looking tenuous too,” Philip Borkin, a senior economist in Auckland at ANZ, said in a client note.

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