Asian stock markets are a sea of red on Friday, following the broadly negative cues from Wall Street overnight, dragged primarily by steep losses in financial stock, which mirrored their peers on Wall Street amid persistent concerns about the outlook for interest rates. Traders are also looking ahead to the release of the more closely watched monthly US jobs report later in the day. Asian markets ended mixed on Thursday.
The jobs report could have a significant effect on the pace of interest rate hikes as determined by the US Fed.
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