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Asia Markets: Nikkei rises as Kuroda renominated to lead Bank of Japan

Stocks in Japan, Australia and New Zealand gained Friday, while a number of major markets were closed for the Lunar New Year holiday, as investors regained confidence in equities after sharp slides last week.

Taking cues from another robust session on Wall Street overnight, Japan’s Nikkei Stock Exchange NIK, +1.09% led gains in Asia, rising 1.2%, despite a stronger yen.

And as expected, Gov. Haruhiko Kuroda was nominated to lead the Bank of Japan for a second term.

The markets that are open took their cues from improving investor sentiment this week and gains in global stocks overnight.

The Dow Jones Industrial Average DJIA, +1.23% finished above 25,000 for the first time since Feb.

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