Asian stocks rose on Tuesday as fears over a credit squeeze in China eased but trading volumes were thin in the absence of a lead from Wall Street overnight.
U.S. equity markets were closed for the ‘Martin Luther King Jr Day’ holiday on Monday.
Japan’s benchmark index snapped a 3-day losing streak to rebound from the previous day’s one-week low as the dollar-yen rose above the 104 level. The declining currency propelled large-cap stocks higher; Fast Retailing gained 3 percent and Sharp closed 4.4 percent higher.
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