Global Markets: Asian stocks led higher by Japan as dollar extends recovery

Japanese shares led Asian markets higher after a weak start on Wednesday, with Japanese export focused companies attracting investors as the dollar gained against the yen thanks to U.S. Treasury debt yields hovering near highs not seen in four years. MSCI's broadest index of Asia-Pacific shares outside Japan took early cues from overnight losses on Wall Street and lost 0.1 percent before rising 0.5 percent.Australian stocks added 0.1 percent and South Korea's KOSPI gained 0.3 percent. Japan's Nikkei recovered from an early slip to rise 0.65 percent.

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