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Asia Markets: Japan, Hong Kong lead Asian market gains

Asian stock markets were mostly higher in early trading Wednesday. The gains followed solid advances in Europe overnight as well as for the Dow and S&P. But S&P 500 futures ESU8, -0.19% were down 0.2% in Asia, perhaps signaling things may not be bright again in the U.S. for Wednesday’s trading.

Japan’s Nikkei NIK, +0.39% edged up 0.4%, as steel makers JFE Holdings 5411, +3.05% and Nisshin Steel 5413, +2.15% rallied. While most automakers gained, Mitsubishi Motors 7211, -3.77% sank despite beating earnings expectations Tuesday.

After falling early, Chinese stocks rallied into positive territory.

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