Asian stocks edge up before U.S. jobs data, defying Wall Street selloff


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TOKYO — Asian equities gained on Friday while the dollar hovered near a one-month high as investors braced for crucial U.S. jobs data later in the day that should provide clues on how aggressive the Federal Reserve will be in tightening policy.

Japan’s Nikkei rose 0.39%, while South Korea’s Kospi jumped 0.77%. Australia’s stock benchmark was 0.56% higher.

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Hong Kong’s Hang Seng rallied 0.6%, although mainland blue chips <.csi300 were flat in early trading. msci broadest index of asia-pacific shares added putting it on track for a advance the first week its best weekly performance month. u.s. e-mini stock futures ticked up pointing to small bounce after overnight slide s wall street sold off amid worries that robustness jobs market would keep fed raising rates longer data released thursday showed bigger than expected rise private payrolls and drop jobless claims. is concern labor isn showing any signs cooling financial markets much edge said tony sycamore analyst at ig. important one going be tonight i don think bogey man cupboard with number. according reuters survey economists non-farm are forecast show friday created december easing from november pace. two-year treasury yields spiked more two-month high but eased tokyo. yield which rose as new york dropped currency remained elevated versus major peers friday. dollar measures greenback against six counterparts including euro yen was trading little changed jumping touching time since dec. this course snap streak three losing weeks. shaping late september. taking back towards one-week edged higher close low level last seen crude oil extending gains lower fuel inventories. brent cents or barrel. west texas intermediate by kevin buckland editing bradley perrett>


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