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Asian stocks fall before US payrolls data

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Kuala Lumpur - Asian stocks fell ahead of a closely watched US payrolls report as stronger economic data fuelled bets the Federal Reserve will raise interest rates this year.

The MSCI Asia Pacific Index lost 0.3% to 140.20 as of 4:11 in Hong Kong, paring its weekly gain. US jobless claims fell to the second-lowest level since 1973, strengthening the case for the Fed to raise interest rates.

Odds that it will do so by December climbed to 64% on Thursday from 53% a week earlier, ahead of the official labour report on Friday.

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