Asian shares firm after US service sector rebounds

Asian shares firmed on Thursday, encouraged by stronger US economic data and a rise in oil prices, while growing prospects of a US rate hike hit gold and the boosted the dollar to one-month highs versus the yen.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 percent while Japan’s Nikkei gained 0.9 percent.

On Wednesday, US S&P 500 Index gained 0.43 percent, led by banks and energy companies.

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