Asia markets mostly up as central banks prepare virus response

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Most Asian markets rose for a second day following a blockbuster surge on Wall Street fuelled by hopes for a concerted global response to the coronavirus.

Pledges of action from central banks around the world and a planned conference call between Group of Seven financial chiefs provided a much-needed boost to markets after last week's hammering.

The positive sentiment filtered through to oil markets, where dealers are betting on major producers cutting output to address tumbling demand.

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