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7/3, 7:30 AM (Source: TeleTrader)
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Asian stocks trade higher on China, Japan data

Equities on stock markets in Asia were higher on Friday after economic data showed that the service sector activity reached record highs in China, while in Japan, the sector's downturn eased in June. According to Japan's Chief Cabinet Secretary Yoshihide Suga, the state of emergency will not be reinstated in the country, even though the number of new coronavirus cases has been increasing in Tokyo recently. Meanwhile, it was reported that the United States will be sending an envoy to South Korea in an attempt to restart denuclearization talks with North Korea.

The Nikkei 225 index added 0.27% at 7:25 am CET. The Shanghai Composite rose by 0.93% at 7:10 am CET and the Shenzhen Composite Index advanced 0.63% at 7:28 am CET. The Hang Seng jumped 0.62% at 7:26 am CET, while the Kospi gained 0.34% at the same time. The S&P/ASX 200 in Australia was flat one minute later.

The dollar was flat compared to the yen, going for 107.5225 at 7:29 am CET.

Breaking the News / MS