Asian shares fall on China's PMI

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Source: Reuters
Asian equities declined on Thursday trading session after a government report showed that manufacturing activity in the country surprisingly dropped in January from the month before suggesting that the world's second largest economy may have lost its momentum. The MSCI Asia-Pacific gauge outside Japan lost 1.1%, while the Australian benchmark index fell 1%.

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Thu, 23 Jan 2014 08:41:07 GMT

U.S. shares trade slightly higher as companies report earnings

Wall Street closed mostly flat on Wednesday trading session with the benchmark index Standard & Poor's swinging between gains and losses after companies from Verizon to Johnson & Johnson reported disappointing earnings. The Dow Jones industrial average slipped 0.25% to 16,373.34, the S&P 500 Index added 0.06% to 1,844.86 and the Nasdaq Composite Index gained 0.41% to 4,243.

Thu, 23 Jan 2014 08:08:03 GMT

South Korean GDP advances as predicted

Economic growth in South Korea reached 0.9% in the last quarter of the previous year on the quarterly basis, fully matching economists' expectations. At the same time, the pace of increase slowed from 1.1% in Q3. On the annual basis, economy expanded 3.9%. The biggest contribution was made by exports' growth. In 2014, the Bank of Korea forecasts the GDP

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