Investing.com-- Asian stocks rose on Thursday, tracking overnight gains on Wall Street as a swathe of weak economic readings saw investors ramp up bets that the Federal Reserve will cut interest rates by September.
Investors largely looked past potential headwinds to company earnings from softening Japanese economic growth. Earlier this week, the government downgraded first-quarter gross domestic product data to show a much deeper contraction in growth than initially seen. A slowdown in stimulus measures from Beijing also sparked doubts over how much more supportive measures the government has in store.
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