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Asian stock markets gain after US rebounds

Asian stock market rose on Thursday following an overnight gain in stocks on Wall Street. Japan's Nikkei 225 surged 3.7%, while the Topix jumped 4.4% as the two indexes climbed after their Christmas Day tumble.

The mainland Chinese markets, which have been closely watched as a result of Beijing's trade spat with Washington, saw gains in early trade. The Shanghai composite gained about 0.61%. Hong Kong's Hang Seng Index also rose around 0.58%. South Korea's Kospi recovered from earlier losses to rise 0.31%.

Elsewhere, crude oil prices gave up gains of more than 8% overnight. Ten-year Treasury yields are holding around 2.80%. The yen recouped some of yesterday’s losses against the dollar.

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