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Asia Markets: Good news from Australia, Apple put wind in Asian markets’ sails

Positive economic news from China and Australia helped lift Asian stock markets early Wednesday, while Taiwan’s technology firms got a boost from Apple Inc. earnings overnight.

The Nikkei Stock Average NIK, +1.72% was up 1.4% while Hong Kong’s Hang Seng Index HSI, +0.10% gained 0.4%, with the Shanghai Composite Index SHCOMP, -1.91% edging up 0.1%.

The Australian dollar rose against the U.S. dollar immediately following benign domestic consumer price data. The S&P ASX/200 XJO, +0.04% initially rose on the news but has since given up its gains to trade 0.1% lower.

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