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China Data gets ‘Golf Clap’ from Asia

Asian markets managed a muted cheer on Monday as China reported economic growth that was a fraction ahead of forecasts, though it was not enough to brighten the general mood of risk aversion.

Most share markets in the region stayed in the red with Tokyo off 0.6 percent .N225, Sydney .AXJO 0.45 percent and Shanghai 0.2 percent .SSEC.  MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS pared its losses but was still down 0.2 percent.

Liquidity was lacking with U.S. markets closed on Monday for a holiday. Neither was there much of a lead from Wall Street where the Dow .DJI ended last week with a slim gain of 0.1 percent, while the S&P 500 .SPX lost 0.2 percent for the week.

Reuters [1]

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