HONG KONG: Asian markets picked up on Tuesday with traders welcoming news that pro-Russian rebels had handed over the black boxes from downed flight MH17, helping to ease geopolitical concerns.

Hong Kong rallied 1.69 percent, or 394.97 points, to close at 23,782.11—its highest level since December—and Shanghai rose 1.02 percent, or 21.00 points, to 2,075.48.

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