Asian stocks fall ahead of US data

Asian stocks declined, with the MSCI Asia-Pacific Index dropping by 0.8%. The Japanese Nikkei index fell by 1.1%, and the South Korean KOSPI declined by 2.7%. This comes amid investor anticipation for US employment data set to be released today, with expectations of adding 110,000 jobs in June and the unemployment rate remaining steady at 4.3%. Additionally, oil prices fell to their lowest levels in four months, while rising US bond yields supported the dollar.

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