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Asian stocks rise on signs of recovery in China’s services sector

Gains follow new record high in Wall St on hopes Congress will approve jobless deal

Asia-Pacific shares edged higher after Wall Street notched new record highs and data indicated that activity in China’s services sector grew again in August.

Japan’s benchmark Topix index climbed 0.8 per cent and Australia’s S&P/ASX 200 rose 0.9 per cent, while South Korea’s Kospi was up 1.5 per cent.

The gains in Asia followed a solid showing from Wall Street, where the S&P 500 closed 1.5 per cent up at another record high following reports that the White House and Democrats in Congress were discussing an extension of support for unemployed Americans.

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