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Stocks in Asia-Pacific mixed after U.S. rallies

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Asian Shares rose on Friday following robust gains on Wall Street, while Australian stocks were down sharply.

Japanese’s benchmark Nikkei 225 Stock Average gained 724.83 points, or 3.88 per cent, to close at 19,389.43 while the broader Topix index added 60.17 points, or 4.3 per cent, to end at 1,459.49.

South Korea’s Kospi index rose 31.49 points, or 1.87 per cent, to close at 1,717.73 on hopes for stimulus measures abroad.

Hong Kong’s Hang Seng Index finished the day up 0.56 per cent and the Shanghai Composite index closed up 0.26 per cent.

Meanwhile, Australia’s benchmark S&200 index ended the day down 5.3 per cent after gaining 5.54 per cent on Thursday, while the broader All Ordinaries index closed down 5.08 per cent.

U.S. shares rallied for a third straight day on Thursday in spite a historic jobless report.

The Dow Jones Industrial average surged 6.38 per cent while the S&P 500 rose 6.24 per cent.

Edited By: Yahaya Isah/Emmanuel Yashim
(NAN)

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Yahaya Isah

Yahaya Isah: NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. We are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and we strive diligently to ascertain the truth in every news report. Contact: editor @ nnn.ng. Disclaimer.

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