Asian stocks rose early on Monday after prospects of a near-term interest rate hike by the Federal Reserve ebbed in the wake of Friday's weaker-than-expected U.S. employment data.Data released Friday showed US non-farm payrolls rose by 142,000 in September, considerably lower than the 203,000 jobs the markets had expected.
The lacklustre jobs report, which also showed a stall in US hourly wage growth, fuelled doubts that the world's largest economy was robust enough to withstand a rate hike before year-end.
The possibility of the Fed delaying the lift-off date for rates also meant its loose policy, which has helped shore up risk assets globally by providing cheap cash, would continue a little longer.
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