Asian stocks rise amid rate cut hopes; China spooked by US tariffs

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Asian stocks rise amid rate cut hopes; China spooked by US tariffs

Investing.com-- Most Asian stocks rose on Friday, tracking strength in Wall Street after more signs of a cooling U.S. labor market reinforced expectations for rate cuts later this year.

China’s massive battery and solar energy industries are also likely to face increased tariffs, which could be unveiled as soon as next week. The potential move comes amid persistent effort from Beijing and Hong Kong to help support local equity markets, which were battered over the past three years.

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