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Monday, August 08, 2016

Asia shares rise, dollar stands tall after upbeat US jobs report





Asian shares rose on Monday and the dollar stood tall after a stronger-than-expected July jobs report lifted confidence in the strength of the US economy – heightening expectations that the US Federal Reserve could hike interest rates this year.

Japan’s Nikkei stock index, which skidded 1.9 percent last week in the face of a strengthening yen, was 1.6 percent higher in early trade.


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