Asian stocks rise on positive data from US and China

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Source: Bloomberg
Asian shares gained for the first time in 3 days as reports in the U.S. and China overshot economists' expectations and the Japanese Yen traded close to the lowest level in 30 months. The MSCI Asia Pacific Index advanced 1.1% to 134.64. China's Shanghai Composite Index rose 1.1% and Hong Kong's Hang Seng Index added 0.9%. 
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Fri, 18 Jan 2013 11:25:03 GMT

China's equity advances on increased growth

The Shanghai Composite Index was higher by 1.4% to 2,317.07 points on the Asian trading session on Friday, extending the weekly gains to 3.3%. That was the largest weekly increase this year, as the domestic data showed better-than-expected economic growth in the fourth quarter. The GDP increased by 7.9% in Q4 and retail sales surged by 15.2% in December.

Fri, 18 Jan 2013 17:48:34 GMT

Asian currencies advance on global outlook

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