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Asian stocks climb as strong earnings buoy Wall Street
SINGAPORE: Asian stocks rose and bonds stabilised at the start of trading on Wednesday following Wall Street’s gain as early indications from the corporate earnings season pointed to strong profits for global companies and bolstered investor confidence. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.5%, led by a 4% gain for Korean shares, while Japan’s Nikkei 225 climbed 1.3%. S&P 500 e-mini futures rose 0.3%. Stocks in the region have steadied since a wrenching selloff last week but have traded in a tight range since then. Overnight, stocks on Wall Street were mild...
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