GLOBAL MARKETS: Asia stocks rise on S.Korea exports, China
HONG KONG, August 2 (Reuters) - Asian stocks rose on Monday and the Australian dollar firmed after Chinese manufacturing gauge for July was not as weak as feared and South Korea's exports grew faster than expected. "July's PMI did not fall through 50; however, we saw weakness almost across the board, echoing our view that the economy will keep moderating but not collapse," said Dong Tao, head of non-Japan Asia economics at Credit Suisse.
LONDON, July 30 (Reuters) - The dollar fell to an eight-month low against the yen while global shares slipped on worries U.S. growth data due later in the day may show the world's biggest economy is losing steam.
"U.S. economic data is underperforming and keeping pressure on the dollar," said Lee Hardman, currency economist at Bank of Tokyo-Mitsubishi UFJ.
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