The Traderszone Network

Published in TZ Latest News 12 November, 2014 by The TZ Newswire Staff

Asian shares resilient after soft China data

Asian shares were resilient in the face of a cooling Chinese economy while oil prices flirted with multi-year lows – unable to stem a drawn-out decline on fears of a glut. MSCI’s broadest index of Asia-Pacific shares outside Japan were flat, showing a muted response to a flurry of Chinese data which was either in line with or slightly below expectations. Japan’s Nikkei added 1.1 percent to a seven-year high, continuing to rise on expectations Prime Minister Shinzo Abe will postpone a planned tax hike next year to support the economy.

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