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Asia Markets: Asian markets continue end-of-the-week rally

Asian stock markets largely extended their gains in early Friday trading, as Thursday’s global rebound continued.

Japan’s Nikkei NIK, +1.85% was faring the best, up 1.3%, handily pushing back above its 200-day moving average, as the yen hit fresh six-month lows against the dollar USDJPY, +0.22% . Gains were being led by defensive names, such as beverage maker Yakult Honsha 2267, +4.64% , up 4.3%. Uniqlo parent Fast Retailing 9983, +6.95% surged more than 6% after posting positive earnings. But factory-automation stocks eased, highlighted by Yaskawa Electric 6506, -3.95% giving up an early 3.7% gain following strong quarterly results to trade 4% lower.

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