HONG KONG – Most markets across Asia rose Thursday as investors welcomed a strong jobs report from the United States that reinforced optimism that the world’s top economy is well on the recovery track, though inflation concerns continue to dog trading floors.
The White House’s support for a global waiver on patent protections for Covid vaccines also provided some cheer as it lifted hope for a speedier recovery in poorer nations that have struggled to access the life-saving drugs.
US private firms added 742,000 jobs in April, payrolls firm ADP said Wednesday, marking a fourth straight monthly gain, with much of them in the crucial services sector, which was hardest hit…
Keep on reading: Most Asian markets lifted by recovery optimism