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Asian stocks rebound as risk-on returns

FXStreet (Mumbai) - Risk-off moods seen on Monday triggered by Paris terror strikes disappeared in today’s trading so far, with rebounding appetite for riskier assets fuelling the rally in the Asian equities.

Nikkei, the best performer among Asian markets

The Japanese stocks rebounded on Tuesday, with the benchmark Nikkei rallying over 1.65% to 19,706. The index tracked the positive close in the Wall Street while persisting yen weakness boosted the exports oriented stocks. USD/JPY sits at three-month highs near 123.40 levels.

The Australian benchmark, the S&P/ASX also enjoyed the upbeat momentum and jumps +1.37% to 5,072, lifted by resource, mining and heavily-weighted banking stocks. While RBA minutes indicating further easing bias on lower inflation outlook, also buoyed the sentiment around the corporates.

While the Chinese indices also traded with heavy gains, as markets shrugged-off Paris terror-worries. Hong Kong’s Hang Seng trades 0.15% higher at 22,434 while China’s Shanghai Composite (SSEC) rallies 1.31% to 3,654.

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