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Asian stocks track Wall St higher after US job losses ease rate fears
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Iraqi News
Tech firms enjoyed a fresh bout of buying following a volatile run in recent weeks, with Japanese and Korean chipmakers leading the charge.
The chances of an increase in September were slashed to about 43 percent from 64 percent a week ago, according to Bloomberg.
Inflation data due later this week will be the next guide for investors.
And the gains filtered through to Asia, with Tokyo climbing two percent thanks to healthy advances for Kioxia, Tokyo Electron and Advantest.
“The report is unlikely, by itself, to deter a September hike… inflation remains the more pressing side of the mandate.