Asian Stocks Retreat Amid U.S. Rate Hike Bets, Japan GDP Data

  • Taiwan shares gain before new president takes charge Friday
  • Topix closes higher amid swings as Japan’s GDP tops estimates

Asian stocks fell for the first time this week as U.S. reports bolstered the case for higher interest rates. Japanese shares closed higher after fluctuating as investors assessed the need for future stimulus after economic growth topped estimates.

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