Stocks bounce back on higher employment

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The Philippine Stock Exchange index jumped 81.35 points, or 1.32 percent, to close at 6,259.95, while the broader all-shares index advanced 30.52 points, or 0.91 percent, to finish at 3,379.77.

Meanwhile, Hong Kong led the charge as most Asian markets posted gains Friday, shrugging off Wall Street losses ahead of key US jobs data due later in the day. All eyes are on Friday’s monthly US employment data, which will give investors a good idea of whether recent signs of a softening in the labor market will continue.

On Thursday, the Dow Jones Industrial Average finished flat, while the S&P 500 and Nasdaq index ticked lower.

 

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