Asian equity markets rallied on Friday, driven by a sharp recovery in technology shares that had been under heavy selling pressure in recent weeks.
The rebound was fueled by a significant miss in US jobs creation data, which alleviated investor concerns regarding further interest rate hikes by the Federal Reserve.
The weaker-than-expected employment figures from the US suggested a cooling labor market, reducing the urgency for the central bank to maintain an aggressive tightening stance.
This shift in macroeconomic expectations provided a much-needed reprieve for growth-sensitive sectors, particularly technology, which had been hammered by rising yields and inflation fears.
The market move marks a continuation of the volatility seen in Asian equities over the past week.
Following a severe global sell-off that weighed heavily on tech indices, markets staged a broad-based recovery earlier in the week.