Asian Stocks Advance Second Week Before U.S. Jobs Report
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Asia’s benchmark stock index rose for a second straight week, with the gauge swinging between gains and losses amid low trading volume today as investors awaited data on U.S. jobs growth.
The MSCI Asia Pacific Index dropped less than 0.1 percent to 138.97 as of 5:43 p.m. in Hong Kong. It rose 1.7 percent for the week. The measure yesterday capped a seventh straight advance, its longest winning streak this year, after a private report showed stronger-than-forecast growth in U.S. employment in March. The government’s nonfarm payrolls data due today will show that hiring increased last month by the most since November, economist estimates compiled by Bloomberg show.