Economic news

Asian shares gain on solid China growth

Asian shares shrugged off Wall Street's decline and inched up to record peak on Friday amid better-than-expected China’s growth data.

Photo: Reuters

MSCI’s broadest index of Asia-Pacific shares rose 0.4 percent to a record high. The index had advanced 1.3 percent this week, leading a rise in global shares.

South Korea's KOSPI ticked up 0.1 percent, as did Japan's Nikkei.

Shanghai .SSEC gained 0.5 percent to two-year top and Hong Kong's Hang Seng climbed 0.2 percent to a record peak.

Australian shares slipped 0.1 percent to the lowest level in five weeks.

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