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Monday, 19 October 2026
Markets

Asian Stocks Set to Rise as Weak US Jobs Data Ease Fed Rate-Hike Fears

Asian stocks are poised to rise after US payrolls increased by just 29,000, reducing expectations of another immediate Federal Reserve rate hike despite oil above US$103.

By Bernard Lee4 min read

Singapore, 5 October 2026 – Asian equities are poised for a stronger start to the week after surprisingly weak US employment data reduced expectations of another near-term Federal Reserve interest-rate increase, offering relief to risk assets even as oil prices climbed above US$103 a barrel.

Equity-index futures for Japan, South Korea and Taiwan pointed higher, extending the positive tone from Wall Street on Friday. Nasdaq 100 futures also advanced after the technology-heavy benchmark ended last week at a record high.

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Author

  • Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.