Asian shares climb after another Wall Street record and hopes for cuts to U.S. interest rates

MANILA, Philippines (AP) — Asian shares rose on Friday after U.S. stocks climbed to a record as Wall Street made its final moves ahead of an update on the American job market that could clear the way for cuts to interest rates that investors love.

In Tokyo, the Nikkei 225 added 0.9% to 42,945.16 after data released Friday showed Japan's labor cash earnings rose 4.1% year-on-year in July, up from 3.1% in June. Another report showed household spending climbed 1.4% in July from the same month a year ago, marking growth for the third month in a row.