You are here: Home » International » News » Markets
Business Standard

Asian shares manage muted cheer for China growth

Australian shares firmed 0.3 per cent, while Japan's Nikkei rose 0.17 per cent

Reuters  |  Sydney 

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 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.4 per cent, on top of a jump of 1.4 per cent on Tuesday. Australian shares firmed 0.3 per cent, while Japan's Nikkei rose 0.17 per cent. Chinese gross domestic product ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, October 19 2016. 08:16 IST
RECOMMENDED FOR YOU