Asia up on positive China data
ASIAN stocks rose yesterday as fresh Chinese data provided signs of improving conditions for the world's second-largest economy.
China's producer prices fell last month at
their slowest rate in nearly two years, fuelling
hopes the end of a painful slowdown could be
in sight for the Asian powerhouse.
Shanghai advanced 0.7 per cent while traders elsewhere were generally cautious after United States markets retreated from record highs.
Sydney added 0.3 per cent by the close
and Seoul ended 0.6 per cent higher.
Hong Kong was down 0.1 per cent in
late afternoon trading.
Tokyo closed up 0.7 per cent on a weaker yen and as energy stocks got a lift.
In early European trade, London, Frankfurt
and Paris all increased 0.2 per cent.