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Asian shares rally as investors await U.S. jobs data

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Reuters

HONG KONG (Reuters) – Asian shares snapped two days of losses on Friday, climbing as investors waited to see whether U.S. jobs data due later in the day would reinforce the need for faster U.S. interest rate hikes. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3%, boosted by a 1.2% gain in the Australian benchmark where bank stocks were to the fore, though Japan’s Nikkei gave up early gains to slip 0.66%. Nasdaq futures rose as much as 0.5% in earlier Asian trading before giving up some gains to trade 0.25% higher, and S&P 500 e-mini stock futures advanced 0.17%. A key mark…

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