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Asia shares advance on strong China GDP, cautious Fed view

Reuters  |  SINGAPORE 

By Nichola SaminatherSINGAPORE (Reuters) - Asian stocks hit a two-year high on Monday, boosted by stronger-than-expected economic growth in China and bets that lacklustre U.S. data will keep the Federal Reserve cautious about the pace of policy tightening.European markets also looked set for a positive start, with financial spreadbetter CMC Markets expecting Britain's FTSE 100 and Germany's DAX to open 0.2 percent higher, and France's CAC 40 to start the day up 0.1 percent. Chinese blue-chips recouped steep early losses after data showed the world's second-largest economy grew at a slightly ...

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First Published: Mon, July 17 2017. 14:20 IST
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