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Asian equity markets followed their Wall Street peers higher on Wednesday as investors cheered strong US data, a pause in the greenback’s rally and higher oil prices.
Shanghai gains 0.2 percent China’s
Shanghai Composite extended gains into a third day, while the blue-chip CSI300 index retreated after hitting a four-month high in the previous session. The yuan opened at 6.4786 per dollar, weaker than the central bank’s mid-point rate of 6.4731.
ASX up 0.6 percent
Australia’s resource-heavy S&P ASX 200 index logged a sixth session of gains, trading in sight of a fresh two-week high. The Australian dollar was flat against the greenback, well off a one-month low of USD 0.7097 hit last week.
Kospi 0.5 percent higher
South Korea’s Kospi hit a fresh three-week high for the second consecutive session
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Posted in: Indian Market Tips
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