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Asian shares rise in subdued holiday trading, as US futures jump

Asian shares advanced Thursday, with many markets in the region closed for Labor Day holidays, after U.S. stocks stormed back from steep early losses to a seventh straight day of gains. Uncertainty about what President Donald Trump’s trade war will do to the U.S. economy remains a key focus for investors. Earlier in the day, the Bank of Japan decided to keep its benchmark interest rate unchanged as worries mount over the impact of Trump’s policies.