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Asian Stocks Gain; Nikkei Closes Up 1.6%

 

Updated from 3:01 a.m. EDT

By Stephen Wright

BANGKOK -- Asian stock markets advanced Monday as an expansion in Chinese manufacturing added to hopes the global economy is slowly clawing its way out of recession.

Commodities stocks led the region's gains as oil topped $67 a barrel and two surveys of Chinese companies showed manufacturing gained in May, albeit weakly. ...

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