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Asia Markets: Asian markets rally on encouraging trade developments

Asian markets gained Monday after the U.S. removed the threat of tariffs against Mexican imports on Friday and China released better-than-expected trade data for May.

Investors also appeared encouraged by a vow from G-20 finance officials Sunday to protect global trade despite rising tensions.

Japan’s Nikkei NIK, +1.20% closed up 1.2% as revised data reaffirmed first-quarter GDP growth. Hong Kong’s Hang Seng Index HSI, +2.27% surged about 2.3 % a day after hundreds of thousands of people filled the streets to protest a potential new extradition law with China, which many say encroaches on the rights of Hong Kong citizens.

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