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Asian markets opened on a positive note early Thursday, after OPEC reached its first deal since 2008 to cut oil production. Australia's ASX 200 was up 0.58 percent, with strong gains in its energy sub-index, which climbed 6.76 percent and its materials sub-index, which was up 2.14 percent. The Nikkei 225 surged 1.55 percent in early trade, likely because of the weaker yen which hovered at the 114 handle. South Korea's Kospi opened up 0.05 percent.
Asian markets opened on a positive note early Thursday, after OPEC reached its first deal since 2008 to cut oil production. Australia's ASX 200 was up 0.58 percent, with strong gains in its energy sub-index, which climbed 6.76 percent and its materials sub-index, which was up 2.14 percent. The Nikkei 225 surged 1.55 percent in early trade, likely because of the weaker yen which hovered at the 114 handle. South Korea's Kospi opened up 0.05 percent.
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