According to Jinshi Data, Chris Weston, head of research at Pepperstone, said that the market's focus has all fallen on tonight's US non-farm payrolls data. Asian stock traders will be highly aware that they will have to hold positions during the US trading hours, which means they face the risk that Asian stocks may gap up when they open next Monday.
Since the market firmly believes that bad news is bad news for risky assets and market sentiment, and the market has already priced in more interest rate cuts, in this case, if the US non-farm payrolls data is weak, the market is not expected to digest this "bad news" well.
