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"Any suggestions that a more hawkish outlook will be seen will certainly have the potential to knock stocks from these toppy levels," said Andy McLevey, head of dealing at Interactive Investor. Volatility could be evident as the session drags on ahead of Friday's U.S. nonfarm payrolls report for July. If they show employment levels in the U.S. picking up pace, then it may prompt the Fed to start reducing its monetary stimulus earlier. The Fed has said that it is looking at when it should start reducing the $85 billion of financial assets it has been buying each month. On Wednesday, better-than-expected U.S. growth in the second quarter of 2013 gave a modest boost to investor morale. The world's No. 1 economy grew at an annualized rate of 1.7 percent, beating expectations of 1 percent for the period. Separately, a private survey from payroll company ADP showed that U.S. businesses created 200,000 jobs this month. Earlier in Asia, Japan's Nikkei 225 index, which has zigzagged all week, gained 2.5 percent to close at 14,005.77 as the yen faced selling pressure to the likely benefit of the country's exporters
-- the dollar was 1 percent higher at 98.58 yen. Elsewhere, Hong Kong's Hang Seng advanced 0.9 percent to 22,088.79. The Shanghai Composite Index rose 1.8 percent to 2,029.07. South Korea's Kospi added 0.4 percent to 1,920.74.
[Associated
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