Asia shares mostly firm, China sets yuan higher

February 15, 2016 4:10 AM

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SYDNEY Asian shares bounced to snap a five-session losing streak on Monday as a strong fix for China's yuan eased devaluation concerns and Shanghai stocks returned from the Lunar New Year holidays with only modest losses.

The Shanghai Composite Index .SSEC eased 2.2 percent in its first session since Feb. 5, a relatively benign move given the wild swings seen worldwide recently.

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