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flag Asian stocks rose as markets anticipate a US Fed rate cut by September, following weak US job data.

flag Asian stock markets gained ground on August 4, driven by expectations of a US Federal Reserve rate cut as early as September. flag This optimism followed a weak US payrolls report, with the three-month average for job gains falling to 35,000 from 231,000 at the start of the year. flag Despite these economic concerns, MSCI's Asia-Pacific index rose 0.6%, supported by a 0.8% gain in South Korean stocks. flag Futures markets now imply an 85% chance of a rate cut next month, helping stabilize global markets. flag However, investor confidence was shaken by President Trump's firing of the Bureau of Labor Statistics head, raising concerns about economic data integrity.

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