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Asia Markets: Nikkei gets off to quick start, as Asian markets build on last week’s rebound

Asia-Pacific stock markets maintained strong early gains Monday afternoon, building on a late-week rebound.

Many markets rose at least 1%, following similar gains Friday in the U.S.—including a record close for the Nasdaq Composite—that followed a strong U.S. jobs report.

Despite an increase in hiring last month, wage growth was muted as people rejoined the labor force and so expanded the pool of workers and job seekers—perhaps granting the Federal Reserve a reprieve on having to step in with the cooling measure of higher interest rates. But not for long, some say.

“Both core inflation and wages remain subdued for the moment,” said Eric Robertsen, global head of foreign exchange, rates and credit research at Standard Chartered .

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