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Asia shares rise on strong China GDP, accommodative Fed view

Reuters  |  SINGAPORE 

By Nichola SaminatherSINGAPORE (Reuters) - Asian stocks set a fresh 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 further policy tightening.Chinese blue-chips recouped steep early losses after data showed the world's second-largest economy grew at a slightly faster than expected pace of 6.9 percent in the second quarter, thanks to robust industrial output, retail sales and exports.MSCI's broadest index of Asia-Pacific shares outside Japan extended earlier gains to ...

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First Published: Mon, July 17 2017. 09:48 IST
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