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Asian stocks bounce, safe havens retreat as Trump delays China tariff

Updated : August 14, 2019 08:20 AM IST

Australian stocks gained 0.4 percent, South Korea's KOSPI advanced 1.2 percent and Japan's Nikkei rose 0.8 percent.
In currencies, the safe-haven yen pulled back sharply amid the ebb in risk aversion. The Japanese currency is often sought in times of market turmoil and political tensions.
The 10-year US Treasury note last yielded 1.691 percent after climbing 6 basis points overnight, knocked away from a three-year low of 1.595 percent plumbed a week ago.
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