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Chinese shares lead parts of Asia higher, with banks rallying following a report that...

Chinese shares lead parts of Asia higher, with banks rallying following a report that authorities may ease loan regulations on smaller lenders. Investors are also hoping that the eurozone will find a solution to the problems in Cyprus and once again muddle through this latest crisis, as it has done in the past. Japan closed, Hong Kong +0.8%, China +2.6%, India -0.4%.
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