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Asian Markets Open Higher


A man talks on his cellular phone at the Australian Stock market in Sydney, August 9, 2011

A man talks on his cellular phone at the Australian Stock market in Sydney, August 9, 2011

Asian markets opened sharply higher Wednesday after a good day on Wall Street, when U.S. stocks gained back a good part of Monday's sell-off.

Major indexes in Seoul and Sydney were up about 3 percent shortly after the opening. Tokyo's Nikkei was almost 2 percent higher.

U.S. markets swung wildly back and forth between sharp gains and deep drops during a nerve-wracking day on Wall Street Tuesday. The Dow Jones Industrial Average wound up the day 4 percent higher.

Asian markets opened sharply higher Wednesday after a good day on Wall Street, when U.S. stocks gained back a good part of Monday's sell-off.

Major indexes in Seoul and Sydney were up about 3 percent shortly after the opening. Tokyo's Nikkei was almost 2 percent higher.

U.S. markets swung wildly back and forth between sharp gains and deep drops during a nerve-wracking day on Wall Street Tuesday. The Dow Jones Industrial Average wound up the day 4 percent higher.

Some information for this report was provided by Bloomberg.

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