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Japan’s Nikkei 225 jumps 3% as Asia-Pacific stocks bounce back

SINGAPORE — Shares in Asia-Pacific rose in Tuesday trade, with shares in Japan leading gains among the region’s major markets.

In Japan, the Nikkei 225 jumped about 3% in afternoon trade, largely recovering from a 3% tumble on Monday. The Topix index gained 3.05%.

Mainland Chinese stocks edged higher as the Shanghai composite gained about 0.8% while the Shenzhen component rose 0.181%. Hong Kong’s Hang Seng index was flat.

South Korea’s Kospi advanced 0.74%. Over in Australia, the S&P/ASX 200 gained 1.76%.

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.37%.

Overnight on Wall Street, the Dow Jones Industrial Average jumped 586.89 points to 33,876.97. The S&P 500 also rose 1.4% to 4,224.79 while the Nasdaq Composite advanced 0.79% to 14,141.48.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.931 — lower than levels above 92 seen recently.

The Japanese yen traded at 110.41 per dollar, weaker than levels below 110 seen against the greenback yesterday. The Australian dollar changed hands at $0.7521, still off levels above $0.768 seen last week.

Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures about 0.3% higher at $75.14 per barrel. U.S. crude futures rose fractionally to $73.72 per barrel.

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