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Asia shares rise on accommodative Fed, China stocks narrow losses on strong GDP

Reuters  |  SINGAPORE 

By Nichola SaminatherSINGAPORE (Reuters) - Asian stocks mostly rose on Monday, spurred by record high closes for the Dow and S&P 500 on bets that the Federal Reserve's policy will remain accommodative following lacklustre U.S. data, which sent the dollar reeling to a 10-month low. Chinese stocks fell over 2 percent in early trade but recouped some of the losses after data showed the economy grew at a slightly faster than expected pace of 6.9 percent in the second quarter thanks to robust industrial output and retail sales.The CSI 300 was 0.7 percent lower, and the Shanghai Composite was down ...

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First Published: Mon, July 17 2017. 08:07 IST
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