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Asian markets track Wall Street gains

Nikkei 225, Kospi, Shanghai Composite, Hang Seng and KLCI up; bank shares help boost STI 1.7% to 3,340

Published Tue, Aug 7, 2018 · 09:50 PM

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ASIAN markets tracked overnight gains on Wall Street, recovering from a mixed session on Monday.

A strong earnings season on Wall Street has been a bright spot for markets which have been muffled as US-China trade tensions continued to drag on.

Oil prices continued to rise on the back of reports that Saudi Arabia had lowered its output, adding concerns on the tightening of crude supplies.

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