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Asia Markets: Bank stocks surge as Asian markets post gains

Asian shares were broadly higher Wednesday, catching a lift from gains in the U.S., as a weak Japanese yen helped exporters’ stocks on the Nikkei Stock Average.

The Nikkei NIK, +0.74% was recently up 0.4% in morning trade. The S&P/ASX 200 XJO, +0.91% was 0.6% higher, even though Australia recorded its first negative quarter of economic growth since 2011. Korea’s Kospi SEU, +0.08% added 0.1% and Hong Kong’s Hang Seng Index HSI, +0.39% rose 0.5%.

Overnight, the Dow Jones Industrial Average hit another record, ending up 0.2%. The S&P 500 rose 0.3% and the Nasdaq Composite gained 0.2%.

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