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Morning Bidding Market Focuses on Consolidation, Not Capitulation

Asian markets on Monday aim to start the week on an optimistic note with a week filled with top economic indicators and policy decisions, as another set of U.S. job growth data that shattered expectations on Friday triggered a sharp rally on Wall Street. Asian markets on Monday will focus on Japan's trade and current account data, Malaysia's industrial production and the Philippines' interest rate decision. Japan's Nikkei 225 index is set to rebound from Friday's 2% decline, which was the biggest drop since December 2022, after falling 3.4% for the week.
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