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Economic indicators from the U.S. the previous day also helped sentiment. Chicago area manufacturing jumped in September, first-time claims for unemployment benefits fell more than expected last week, and second-quarter economic growth was revised slightly higher. In Asia, Japan's benchmark Nikkei 225 stock average climbed 34.88, or 0.4 percent, to 9,404.23. The index held firm after the government said Japan's jobless rate improved in August, falling to 5.1 percent from 5.2 percent in July and marking the second straight month of decline. South Korea's Kospi added 0.2 percent while Australia's S&P/ASX 200 slipped 0.1 percent. Stocks markets in Hong Kong and China were closed for public holidays. Mainland Chinese markets will reopen on Oct. 8. Elsewhere, markets in Taiwan, India, Malaysia, Singapore and Indonesia all advanced. Asian central banks will likely intervene in coming weeks to slow the rate of currency appreciation but a big push to weaken currencies outright is unlikely, Capital Economics said in a report. "We continue to expect that regional currencies and emerging Asia equity markets will eventually climb further." In currencies, the dollar fell to 83.29 yen from 83.51 yen late Thursday in New York. The euro rose to $1.3759, near fresh five-month highs, from $1.3623. Benchmark oil for November delivery rose 81 cents to $83.12 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $2.11 to settle at $79.97 a barrel on Thursday.
[Associated
Press;
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