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Asian shares rally as trade fears ease; Nikkei jumps more than 2%

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Asian stocks rallied as concerns over a potential trade war faded on Tuesday, with gains in the region led by Japan's benchmark Nikkei.

Japan's Nikkei 225 jumped 2.14 percent, or 450.83 points, with the dollar extending gains against the yen as trade-related fears abated. The dollar fetched 106.31 yen at 12:44 p.m. HK/SIN after falling as low as 105.34 in the overnight session.

Exporters gained on the firmer dollar, with automakers, technology and manufacturers higher for the most part. Other large caps also recorded significant gains, with Fast Retailing up 3.03 percent. Over in South Korea, the benchmark Kospi advanced 1.32 percent, with gains seen across sectors, including chipmakers. Tech heavyweight Samsung Electronics jumped 3.76 percent and SK Hynix was up 5.24 percent.


Source :- abcnews
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