Asia-Pacific markets mostly rose Thursday, after Wall Street gained on hopes the Federal Reserve could cut interest rates next week following weaker-than-expected jobs data.

Payroll processor ADP reported that private companies cut 32,000 workers in November, compared with 47,000 additions in October, and well below the 40,000 increase expected by economists polled by Dow Jones.

Markets are pricing in an 89% chance of a cut when the Federal Reserve meets on Dec. 9-10, significantly higher than rate-cut bets just a couple of weeks ago, according to the CME FedWatch tool .

In Asia, Japan's benchmark Nikkei 225 index jumped 2.33% to close at 51,028.42, and the Topix index advanced 1.92% to 3,398.21.

Industrials and tech stocks led gains on the Nikkei index. Shares of Japan's

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