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Asian shares mixed after encouraging China GDP data


Added 04-17-19 03:04:02am EST - “Major share benchmarks were mixed in Asia on Wednesday after China announced its economy grew at a better than expected 6.4% annual pace in the last quarter.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Asian shares mixed after encouraging China GDP data”. Below is an excerpt from the article.

People stand in front of an electronic stock board of a securities firm in Tokyo, Wednesday, April 17, 2019. Shares were mixed in a narrow range Wednesday as China announced its economy grew at a 6.4 percent annual pace in the last quarter. (AP Photo/Koji Sasahara)

Major share benchmarks were mixed in Asia on Wednesday after China announced its economy grew at a better than expected 6.4% annual pace in the last quarter.

Japan's Nikkei 225 index gained 0.3% to 22,277.97 and the Shanghai Composite added 0.3% to 3,264.67. Hong Kong's Hang Seng index edged 0.1% higher to 30,152.11 while the S&P ASX 200 in Australia lost 0.3% to 6,257.20.

China's 6.4% pace of economic expansion in January-March was in line with Beijing's official annual target for 6-6.5% growth and suggests government efforts to halt a slowdown are working.

However, it matched the previous quarter for the weakest growth since 2009 and did little to spur buying enthusiasm.

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