9/15, 4:46 AM (Source: TeleTrader)
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Asia trades higher after upbeat Chinese data

Stock exchanges in the Asia-Pacific region registered gains on Friday as investors dissected better-than-expected prints industrial production and retail sales in China. The positive sentiment was seemingly exacerbated by the rally on Wall Street sparked by chipmaker Arm's debut on Nasdaq.

The day before, the People's Bank of China (PBoC) cut reserve requirement ratio (RRR) for all commercial banks in the effort to boost economic recovery in the country.

At 4:44 am CET, the Shanghai Composite advanced 0.38% and the Shenzhen Composite gained 0.14%. The Nikkei 225 surged 1.34%, Hang Seng jumped 1.42%, and Kospi added 1.21%. Australian S&P/ASX 200 skyrocketed 1.81% a minute later.

The American dollar was flat against the Japanese yen, trading at 147.45600 at 4:45 am CET.

Baha Breaking News (BBN) / AB