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Easing Korea tensions lift Nikkei Asia300 Index

Quarterly earnings lift lenders in Hong Kong and Singapore

HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose on Monday, as a pledge by leaders of North and South Korea to denuclearize the peninsula, boosted risk appetite.

The Nikkei Asia300 Index added 1.1% to 1,423.79 on Monday after shedding 1.4% last week. On Friday, North Korean leader Kim Jong Un met South Korean President Moon Jae-in in South Korea and both parties agreed to completely denuclearize the peninsula. South Korean officials on Sunday said that the North had promised to close its nuclear test site in May. The news came ahead of a meeting between U.S. President Donald Trump and North Korea's Kim.

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