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Asian markets trade higher on strong Chinese Q4 GDP data

18 Jan 2013 Evaluate

Most of the Asian markets are trading higher on Friday, as Chinese fourth quarter growth data came out slightly better than expected, while Japanese stocks soared following a marked overnight decline in the yen. Regional markets, after a yesterday’s selloff, were reacting to China’s gross domestic product growth figures for the fourth quarter, which showed a 7.9% on-year rise compared with expectations of a 7.8% rise. The data release also included industrial production figures, which increased by 10.3% in December.

Shanghai Composite rose 12.78 points or 0.56% to 2,297.69, Hang Seng surged 174.34 points or 0.75% to 23,514.10, Jakarta Composite soared 42.31 points or 0.96% to 4,440.69, Nikkei 225 jumped 264.16 points or 2.49% to 10,873.80, Straits Times increased 14.92 points or 0.47% to 3,210.02, KOSPI Composite added 6.64 points or 0.34% to 1,980.91 and Taiwan Weighted was up by 77.32 points or 1.02% to 7,693.96

KLSE Composite was down 2.17 points or 0.13% to 1,678.92.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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