Asia Markets: Asian stocks make widespread gains as Fed rate-hike fears ease

Shares in Asia were broadly higher early Monday, as weaker-than-expected U.S. jobs data eased worries over an imminent rate interest increase by the Federal Reserve.

The Nikkei Stock Average NIK, +0.66% was up 1.3%, Hong Kong’s Hang Seng Index HSI, +1.59% added 1.4%, Australia’s S&P/ASX 200 XJO, +0.94% gained 0.9%, while the South Korean Kospi SEU, +0.99% also gained 0.9%.

The U.S. added about 151,000 jobs in August, a number unlikely to be strong enough for the U.S. Federal Reserve to move towards raising interest rates in September, analysts say.

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