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Asian shares traded broadly higher amid lingering concerns over China’s economy. US markets are shut for the Presidents’ Day holiday.

A gauge of Asia Pacific shares ticked upwards and was set to climb for a third session. China mainland benchmark CSI 300 Index rebounded from earlier losses in the first day of trading after the Lunar New Year break, while Chinese shares in Hong Kong remained on the back foot. The stocks had struggled in the early hours despite buoyant travel and tourism data that suggested consumption revved up even as the broader economy struggles with deflation and a property crisis.

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