Asian shares manage muted cheer for China growth

Asian shares manage muted cheer for China growth
 

Asian shares held early gains on Wednesday as a barrage of Chinese data confirm the economy had stabilised on the back of government spending and a hot housing market, even if worries about debt continue to mount.
The initial reaction was muted with few fireworks in the figures and Shanghai stocks edged up 0.2 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.4 percent, on top of a jump of 1.4 percent on Tuesday.
Australian shares firmed 0.3 percent, while Japan's Nikkei rose 0.17 percent.
Chinese gross domestic product (GDP) expanded 6.7 percent in the year to... read more

 
19 October 2016 in World News, Views: 45
Source: Reuters
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