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Asia markets mostly higher; Nikkei falls 0.9%

Most Asian markets sealed adult on Thursday, following a mostly aloft finish on Wall Street overnight amid an oil cost surge.

“The tellurian equity marketplace has turn a warrant of oil movement. The association is immensely in tandem,” Naeem Aslam, an researcher during AVA Trade, pronounced in a note Thursday. “The clever convene over in a U.S. has also helped Asian markets to secure some gains.”

Australia’s ASX 200 gained 103.64 points, or 2.13 percent, to 4,980.40, with a appetite zone retracing waste from Wednesday’s event to hook on 6.21 percent, while a element zone was adult 6.23 percent on a behind of aloft commodity prices.

In South Korea, a Kospi gained 25.59 points, or 1.35 percent, to 1,916.26, while in Hong Kong, a Hang Seng index gained 1.43 percent.

Chinese markets gained ground, with a Shanghai composite shutting adult 42.54 points, or 1.55 percent, during 2,781.79 while a smaller Shenzhen composite gained 33.86 points, or 1.95 percent, to 1,771.06.

Bucking a certain trend, a Nikkei 225 extended new waste to tighten 146.26 points, or 0.85 percent, reduce during 17,044.99.

Chris Weston, arch marketplace strategist during spreadbetter IG, pronounced in a morning note that a Nikkei’s sell-off can expected be explained by a strength of a Japanese yen as a outcome of a tumble in a dollar.

Article source: http://www.cnbc.com/2016/02/03/asia-stock-markets-focus-on-oils-8-percent-price-jump-earnings-from-inpex-tata-sia.html