The stock market is likely to weaken this week after US jobs data showed promising results, raising speculations that the Federal Reserve will hike its key interest rates, prompting some investors to dump their shares in exchange for safer investment in the bond market.

Alexander Adrian Tiu, senior analyst at AB Capital Securities Inc. in a phone interview, said that the local bourse’s performance this week would heavily depend on the US jobs data, which was released after the local market closed last Friday.

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