11/16/2020, 5:04 AM (Source: TeleTrader)
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Asian markets rise on positive economic data

Equities on the Asian markets traded higher on Monday fueled by the economic data showing further signs of recovery in China and Japan. Released by the country's Cabinet Office, the third-quarter GDP data showed the value of goods and services in Japan marking a 21.4% year-on-year growth, improving compared to the record-low second quarter.

Meanwhile, in China, both the industrial production and the retail sales surprised expectations, rising by 6.9% and 4.3% on an annual basis respectively.

In mainland China, the Shenzhen Composite went up by 0.5% at 4:55 am CET, with the Shanghai Composite adding 0.97% at 4:30 am CET. South Korea's Kospi inched 1.9% higher at 5:01 am CET, as the Australian S&P/ASX 200 rose 1.23%. At 5:02 am CET, Japan's Nikkei 225 increased by 1.86%, with Hong Kong's Hang Seng rising 0.41% at the same time.

The dollar, however, fell 0.12% against the yen, going for ¥104.5175 at 05:03 am CET.

Breaking the News / NL