MARKETS-ASIA/OPEN Asian shares extend gains on reassuring China data

Record ID: 147123

  • Title: MARKETS-ASIA/OPEN Asian shares extend gains on reassuring China data
  • Date: 15th July 2015
  • Summary: TOKYO, JAPAN (JULY 15, 2015) (REUTERS) ****WARNING CONTAINS FLASH PHOTOGRAPHY*** TOKYO STOCK EXCHANGE (TSE) BUILDING ELECTRONIC STOCK BOARD ALARMING AT OPENING OF MARKET ELECTRONIC STOCK BOARD SHOWING NIKKEI AVERAGE OPENING AT 20478.85 UP 93.52 ELECTRONIC STOCK BOARD BEING UPDATED VARIOUS OF TSE STAFF WORKING VARIOUS OF ROTATING STOCK PRICE TICKER TSE MARKET CENTER HONG K
  • Embargoed: 30th July 2015 13:00
  • Keywords:
  • Location: Australia
  • Country: Australia
  • Topics: General
  • Reuters ID: LVA4DG1XKT6IIE9IBT7SJC68EGD2
  • Aspect Ratio: 16:9
  • Story Text: Asian stocks extended early gains on Wednesday (July 15) after a raft of upbeat Chinese data reassured anxious investors after a stock market rout there had heightened worries of a potentially damaging blow to the world's second-largest economy.
    MSCI's broadest index of Asia-Pacific shares outside Japan added 0.4 percent, though its upside was tempered as Chinese shares were lower in early trade.
    Investors were also awaiting other key events, including a Bank of Japan policy decision and congressional testimony by the U.S. Federal Reserve chief.
    Japan's Nikkei stock index advanced 0.5 percent, bolstered by a weaker Japanese currency. The broader Topix rose 7.65 points to 1646.35.
    The Bank of Japan's regular policy decision is likely to emerge between 0230-0500 GMT, with no shift expected. Governor Haruhiko Kuroda will speak at 0630 GMT.
    China's second quarter gross domestic product grew an annual 7.0 percent, steady with the previous quarter and slightly better than analyst forecasts. Fixed-asset investment and industrial output growth also beat economists' forecasts.
    The Hang Seng index in Hong Kong opened up 0.4 percent at 25,219.45 points over increasing optimism over Greece and China.
    Chinese shares were lower in early trade, with Shanghai's benchmark composite index down 1.4 percent, and the CSI300 index of the largest listed companies in Shanghai and Shenzhen falling 1.2 percent.
    South Korean shares opened slightly with the Korea Composite Stock Price Index (KOSPI) up 0.71 percent, to 2,073.85, in the first 15 minutes of trading.
    Australian shares rose 0.9 percent led by a banks as uncertainty around China and Greece dissipated and investors chased yields. China's better than expected economic growth also boosted the index.
    The S&P/ASX 200 index rose 52.8 points to 5,630 by 0216 GMT.
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