The dollar fell and global stocks rose after US non-farm payrolls showed the economy added only 57,000 jobs in June, far below the 110,000 expected and down sharply from 172,000 in May. The data dampened expectations of an imminent Federal Reserve rate hike, with Forex.com analyst Fawad Razaqzada saying it effectively rules out a July move. Wall Street’s main indices moved higher, with the Dow up 0.5 percent, while European gains accelerated and Asian markets closed mixed, led by a nearly eight percent drop in South Korea’s Kospi as tech shares tumbled. Oil prices extended declines amid US-Iran diplomatic talks, with Brent crude down 1.2 percent at $70.73 a barrel.
SK Hynix IncTech shares tumbled nearly 8% in South Korea's Kospi, dragging SK Hynix down on weak demand outlook.
Samsung Electronics Co LtdTech shares tumbled nearly 8% in South Korea's Kospi, dragging Samsung down on weak demand outlook.