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11/17/2015, 8:42 AM (Source: TeleTrader)
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Asian stocks rebound ahead of APEC summit in Manila

The Nikkei 225 jumped 1.22% on Tuesday, with major markets in the Far East recuperating from losses from the previous day, suffered after terrorist attacks in Paris and Beirut and Japan's slip into technical recession. The New Zealand dollar retreated against major currencies after the local stock exchange closed, amid generally balanced forex trading.

In Manila, the capital of the Philippines, leading figures from 21 members of the Asia-Pacific Economic Cooperation drafted a document ahead of their two-day summit calling for a global response to the massacres in France on Friday, when people from more than a dozen countries lost their lives. The event may be remembered for issues including China's territorial disputes at sea and, as it was formulated in the ministerial statement, the persisting modest and uneven global economic performance, but also discussions on gender equality. 

Tokyo Stock Exchange's benchmark was mostly strengthened by the metals sector, while the yen was slightly higher versus the euro and chipped against the dollar. The Australian S&P/ASX index jumped 2.29% today, and the Kospi in Seoul rose more than 1% on a moderate volume and a rally in tech, construction and steel, while automobile makers fell. The won was 3.7% stronger against the dollar at the close, and New Zealand's currency, nicknamed kiwi, fell 0.46% against the United States dollar, 0.25% versus the euro and 0.4% against the yen (all 8:40 a.m. CET).

 

Image: Beta/AP

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