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Asian stocks climb on Fed rate cut hopes; Wall Street's big rally loses steam amid signs of slowing US economic data

IndiaTimes Thursday, 5 June 2025
Asian stocks mostly climbed following weak US economic data, fueling hopes for potential Federal Reserve interest rate cuts. Investors are keenly awaiting US jobs data and any developments regarding trade talks between President Trump and China’s Xi Jinping. South Korean markets surged, while Indonesia implemented economic stimulus measures.
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