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Asia Mixed, Nikkei Stronger as Yen Weakens

Asian closed mixed on Tuesday, with most major markets extending Monday's global rally on easing Brexit concerns and gains in oil prices.

In Japan, the Nikkei 225 gained 203.81 points, or 1.3%, to 16,169.11, as the yen weakened against the U.S. dollar.

In Hong Kong, the Hang Seng Index added 158.24 points, or 0.8%, to 20,668.44

The Japanese yen earlier traded near a 22-month high at 103.57 against the dollar, before weakening to around 104.47. On Monday afternoon local time, the currency pair traded at levels near 104.69.

Major exporters retraced losses to close higher, with shares of Toyota up 1.2% Nissan shares adding 0.5% while Sony shares rose by 2.4%. A stronger yen is usually a negative for exporters as it reduces their overseas revenue when converted into local currency.

Major Australian banks - ANZ, Commonwealth Bank of Australia, Westpac and NAB - closed mixed,; banking stocks were mostly fueled by a higher finish in the European banking sector on Monday.

Energy plays in the region ended mixed, with Woodside Petroleum losing 3.5%, Inpex off 0.3% and Fuji Oil adding 1.4%

The Australian dollar traded at $0.7476 U.S. compared to its last close at $0.7457.

Earlier, the Reserve Bank of Australia released its June monetary policy meeting minutes.

In other markets

The Shanghai CSI 300 docked 6.35 points, or 0.2%, to 3,106.32.

In Korea, the Kospi eked up 1.58 points, or 0.1%, to 1,982.70

In Singapore, the Straits Times Index deleted 11.42 points, or 0.4%, to 2,789.45

In Taiwan, the Taiex index jumped 58.93 points, or 0.7%, to 8,684.85

In New Zealand, the NZX 50 dropped 30.14 points, or 0.4%, to 6,839.40

The ASX 200 picked up 17.61 points, or 0.3%, to 5,274.36