Asian Stocks Pare Weekly Loss on U.S. Data; Won Rises


07/02/2014 09:34 AST

Asian stocks rose, with the regional index paring a sixth straight weekly decline, after better-than-estimated U.S. jobless claims. Mainland Chinese shares fluctuated after a weeklong holiday while South Korea’s won gained with gold.

The MSCI Asia Pacific Index advanced 1.4 percent by 3:02 p.m. in Tokyo, trimming its retreat this week to 1.1 percent. Japan’s Topix index added 2.3 percent while the Shanghai Composite Index swung to a gain of 0.1 percent. Standard & Poor’s 500 Index futures increased 0.2 percent after the gauge jumped in New York. The won strengthened 0.4 percent and the Australian dollar slid. Gold climbed 0.2 percent while silver fell 0.4 percent.

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