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Overnight Markets: US stocks decline on China data
by Himanshu Singh on Mar 11, 2014 at 03:30
In Asia, shares gained on Tuesday in morning trade as investors weighed data showing China’s credit growth trailed estimates in February and awaited the conclusion of the Bank of Japan’s policy meeting.
The MSCI Asia Pacific Index gained 0.4 percent to 138.11 as of 11:11 a.m. in Tokyo. Japan’s Topix index climbed 0.7% before the central bank finishes a two-day meeting today, at which it’s projected to keep its bond-buying program unchanged.
Taiwan’s Taiex index gained 0.4%. Australia’s S&P/ASX 200 Index added 0.1%. New Zealand’s NZX 50 Index fell 0.4%. South Korea’s Kospi Index lost 0.1%. Hong Kong’s Hang Seng Index swung between gains and losses, while the Shanghai Composite Index slipped 0.3%.
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