Tokyo — Asian stocks advanced on Thursday, tracking solid gains on Wall Street as data pointed to slowing economic growth in the US, bolstering the prospect of rate cuts by the Federal Reserve as soon as July.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3%, while Japan’s Nikkei and Australian benchmark were up 0.3% and 0.5%, respectively, though a US public holiday kept activity somewhat subdued...
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