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Stock impact report

Asia stocks edge up on steady China GDP, earnings in focus [Reuters (UK)]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Company Research Source: Reuters
Asia stocks edge up on steady China GDP, earnings in focus | Reuters 3 Min Read TOKYO (Reuters) - Asia stocks rose modestly on Tuesday following data showing China’s economy grew a little faster than expected in the first quarter. The dollar was barely changed, with demand for safe-haven U.S. Treasuries ebbing as investor risk appetite improved in parts of the broader markets as investors took the view Western-led strikes on Syria were a one-off intervention. China’s economy grew a welcome 6.8 percent in the first quarter of 2018 from a year earlier, official data showed on Tuesday, unchanged from the previous quarter. But separate data showed March industrial output missed expectations and first-quarter fixed-asset investment growth slowed, tempering equity market gains. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.05 percent. Australian stocks gained 0.5 percent, South Korea’s KOSPI dipped 0.1 percent and Hong Kong’s Hang Seng gained 0.15 percent. Shanghai r Show less Read more
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