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Stocks

Asian equity markets extend gains as North Korea holds fire

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Signs of easing tensions on the Korean Peninsula boosted Asian stocks on Aug. 15.   © Reuters

HONG KONG (Nikkei Markets) -- Asian equity markets extended gains on Tuesday after North Korea's leader signaled the country would hold off on any decision to fire missiles toward the U.S. territory of Guam, helping lift investor sentiment.

The Nikkei Asia300 Index of some of the region's most influential companies outside Japan climbed 0.3% to 1,273.03. Japan's Nikkei 225 Average was the region's best performer, advancing 1.3% as the yen weakened and traders appeared to hunt for bargains after it tumbled the previous day. Hong Kong's Hang Seng Index, China's Shanghai Composite and benchmark stock gauges in Taiwan and Thailand rose at least 0.4% each.

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