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Asia Markets: Asian stocks jump to early gains after Dow’s rebound

Asian stocks advanced in morning trading Friday, rebounding from broad selling a day earlier, after the Dow Jones Industrial Average reversed some of its midweek pullback.

Rebounds are a broad theme across asset classes as the week comes to an end. Oil prices rose about 1.5% Thursday, helping Asian energy stocks Friday, while the yen gained momentum yesterday following its own recent pause.

The Japanese currency’s strength limited the Nikkei Stock Average’s NIK, +0.53% morning gains to 0.4%, trailing advances elsewhere in the region.

The dollar JPYUSD, -0.215004% was recently at ¥106.90 after nearing ¥108 midweek. But the yen did fall slightly in Asian trading as Japan’s core inflation rose 0.9% in January from a year earlier, slightly faster than the 0.8% expected by economists.

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