Jobs Report Shakes Markets: Nasdaq Soars, Yen Regains Strength

The softer‑than‑expected U.S. payroll numbers eased expectations of a Fed rate hike, sending global equities and bonds higher.

A New Pause on the Fed’s Rate Roadmap

■The payroll report showed a loss of 23,000 jobs, contrary to analysts’ forecast of a 80,000 gain.

■Market odds of a rate increase at the next meeting fell from 55% to 40%.

■Treasury yields retreated, boosting long‑term bond prices.

Tech Titans Ride the Upswing

■The Nasdaq climbed 1.3%, buoyed by strong AI and cloud earnings.

■SpaceX shares jumped 12% on the day and 19% for the week despite a recent lock‑up release.

■Tesla rose 3.8% intraday and 6.4% week‑over‑week.

Yen Finds Its Feet in the FX Market

■The dollar weakened; the JPY steadied at 157.70 per dollar, retreating from the 159 level that could have triggered intervention.

■Europe’s STOXX 600 index gained 0.6% today and 2% for the week, led by healthcare and technology stocks.

■The MSCI All‑World index posted a 2.4% weekly rise, its strongest in three months.

Dr. Yaman Ege – Semiconductor and Technology Supply‑Chain Director: The softer jobs data, combined with the Fed’s more dovish stance, creates a favorable financing environment for TSMC’s planned 650 mm wafer capacity expansion through 2027 and the easing of ASML’s EUV machine supply constraints. AI‑chip leaders such as Nvidia and AMD can accelerate R&D spending under lower capital costs. While the China‑U.S rare‑earth rivalry remains a structural risk, the current de‑escalation of geopolitical tensions helps stabilize long‑term chip inventory planning. Investors should consider tech‑heavy equity entries in the short term and diversify into chip‑focused ETFs for medium‑term resilience against supply‑chain bottlenecks.