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Asian shares higher despite China data | |
(about 1 hour later) | |
Asian shares were higher following US gains despite inflation data from China showing the economy is slowing. | |
The S&P 500 and Nasdaq closed higher, shrugging off more negative news from Europe. | |
The German government cut its growth forecasts, euro zone industrial production fell and British inflation slowed sharply in September. | |
Added to that, China's inflation cooled to near a five-year low of 1.6% in September. | |
But Japanese shares were higher after hitting a two-month low on Tuesday. | |
The benchmark Nikkei 225 was up 0.4% at 15,002.92 points. | The benchmark Nikkei 225 was up 0.4% at 15,002.92 points. |
Greater China Shares | |
Hong Kong stocks opened up after pro-democracy protestors clashed with police on the streets overnight. | |
The benchmark Hang Seng Index rose 0.2% to 23,087.50 points. | |
On the mainland, the Shanghai Composite was down 0.3% on the China data. | |
Australian shares were up after a survey showed that consumer sentiment rose in October from a sharp fall the previous month. | |
The benchmark S&P/ASX 200 was higher 0.3% at 5,220.20. | |
In South Korea, the Kospi was trading flat after the central bank cut interest rates for the second time in three months in line with expectations. | |
Earlier, the benchmark was up after data showed that exports rose almost 7% in September from a year earlier; more than expected. |