By The Financial District
Asia Stocks Mixed Despite China Growth News
Asian shares were trading mixed Tuesday as pessimism about global uncertainties remained even as China reported better-than-expected economic growth data, Yuri Kageyama and Stan Choe reported for the Associated Press (AP).
Photo Insert: Asian stocks had different reactions to China having reported better-than-expected economic growth data.
Japan’s benchmark Nikkei 225 rose 0.5% in afternoon trading to 28,646.73. Australia’s S&P/ASX 200 shed 0.4% to 7,352.60. South Korea’s Kospi lost 0.3% to 2,568.72. Hong Kong’s Hang Seng slipped 0.7% to 20,627.70, while the Shanghai Composite edged up 0.1% to 3,390.34. Oil prices rose.
Wall Street drifted higher Monday to kick off the first full week of earnings reporting season. The S&P 500 rose 13.68, or 0.3%, to 4,151.32.
The Dow Jones Industrial Average gained 100.71, or 0.3%, to 33,987.18, while the Nasdaq composite climbed 34.26, or 0.3%, to 12,157.72. All three swayed between small gains and losses in quiet trading before ending near their highs for the day.
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