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Asia Jumps After Friday Wall St. Rebound

Asia-Pacific markets largely rose on Monday after Wall Street snapped a four-day losing streak Friday.

Japanese markets were back at it following several days off, with the Nikkei 225 down 208.07 points, or 0.7%, to 28,949.88, with energy, financials and technology leading losses in Tokyo.

Japan’s services sector saw a record pace of expansion in April, the au Jibun Bank Japan services purchasing managers’ index showed.

Minutes from Japan’s March monetary policy meeting showed board members were concerned over inflation accelerating at a higher-than-expected pace.

In Hong Kong, the Hang Seng Index popped 247.72 points, or 0.7%, to end the week’s first session at 20,297.03, powered by energy and healthcare stocks.

Australian markets gained ground as financials and miners led gains.

In other markets

In China, the CSI 300 index recovered 45.78 points, or 1.1%, to 4,062.66.

In Singapore, the Straits Times index docked 8.97 points, or 0.3%, to 3,257.66.

In Korea, the Kospi gained 12.27 points, or 0.5%, after a long weekend, to 2,513.21.

In Taiwan, the Taiex index gained 73.5 points, or 0.5%, to 15,699.57.

In New Zealand, the NZX 50 regained 53.47 points, or 0.5%, to 11,942.49.

In Australia, the ASX 200 surged 56.48 points, or 0.8%, to 7,220.01.