Asia set to trade higher following overnight gains on Wall Street

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Asia set to trade higher following overnight gains on Wall Street
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Nikkei futures in Osaka and Singapore traded higher than the benchmark index's last close at 20,618.57. Japan's preliminary manufacturing PMI data for August is expected this morning.

Asia markets were set to trade higher on Thursday, likely taking cues from Wall Street, where stocks gained overnight after strong quarterly results lifted investor sentiment.

Markets had a relatively modest reaction overnight after the Fed released minutes of its last meeting in July, where the U.S. central bank lowered the benchmark rate by 25 basis points.

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