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World shares hit record as strong China data lifts copper

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - A gauge of world stocks hit a record high on Monday while copper prices surged to their highest levels in more than four months after robust growth data in China.China's economy expanded at a faster-than-expected 6.9 percent clip in the second quarter, setting the country on course to comfortably meet its 2017 growth target.Commodity prices were also buoyed as the dollar fell to a 10-month low before steadying.MSCI's broadest index of Asia-Pacific shares outside Japan hit a two-year high, as MSCI's gauge of stocks across the globe gained 0.13 percent and ...

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First Published: Mon, July 17 2017. 21:38 IST
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