HONG KONG: Tokyo led a recovery in Asian stock markets on Tuesday, soaring more than 3 percent as dealers built on a strong lead from Wall Street and disappointment over failed oil talks gave way to hope for the global economy.

While Asia ended lower Monday following the collapse of the weekend meeting to cap crude production, initial sharp losses in Europe and New York turned to gains as dealers were lifted by positive comments on the US outlook and recent upbeat data out of China.

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