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Asian stocks finished mostly higher returning to solid gains in reaction to strong U.S. market close Friday, positive U.S. jobs data and falling crude-oil prices. In early Asian trading crude-oil futures dipped to $58.66 a barrel, 77 cents down, as the expected hurricane Dennis was downgraded to a tropical storm. Japan’s Nikkei gained 1%, Hong Kong’s Heng Sang added 1.4%, and South Korea’s Kospi rose 2%. Through the region only China’s Shanghai Composite and Thailand’s SET ended down. In early trading the greenback quoted near 112.20.
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