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Asia Markets: Asian markets jump following Wall Street’s big gains

Asian stock markets were sharply higher in early trading Wednesday, following even-bigger increases Tuesday on Wall Street. Gains of at or just above 1% have been logged in Japan, Australia, South Korea and New Zealand as global equities continue to cut into last week’s slump.

Japan’s Nikkei NIK, +1.29% jumped 1.6%, with tech stocks leading the way. Sharp 6753, +3.37% , Sony 6758, +2.23% and Panasonic 6752, +1.26% all gained around 2%. SoftBank shares 9984, +2.13% rose 3% after Chief Operating Officer Marcelo Claure said Tuesday it was “business as usual” following concerns about the company’s ties to Saudi Arabia in the wake of the disappearance of Saudi journalist Jamal Khashoggi, which triggered a selloff Monday.

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