The Traderszone Network

Published in TZ Latest News 20 October, 2014 by The TZ Newswire Staff

Asian shares crawl higher on China GDP relief

Asian stocks crept up on Tuesday as investors took solace from data showing the Chinese economy grew slightly more than expected in the third quarter, calming fears of a deepening slowdown in the world’s second-largest economy. China’s economy grew 7.3 percent between July and September from a year earlier, slightly above expectations. It also shows that we don’t need to be that concerned about the depth of slow down in China,” said Dariusz Kowalczyk at Credit Agricole Corporate and Investment Bank in Hong Kong.

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