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Singapore, Malaysia stocks fall ahead of key US data releases

SINGAPORE (Nikkei Markets) - Shares in Singapore and Malaysia fell Monday as investors awaited a slew of U.S. economic data releases this week.

The S&P 500 index closed marginally higher on Friday after data showed that the U.S. economy grew a better-than-expected 1.2% in the first quarter. However, the expansion was slower than the 2.1% growth in the previous three months. The Federal Reserve's latest meeting minutes revealed that most policymakers are looking for more evidence that the first-quarter slowdown was temporary. U.S. personal income and spending data, consumer confidence and manufacturing and non-farm payrolls are due this week.

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