Sat. Dec 4th, 2021

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Asian shares start good

1 min read
china stock

 

Mainland Chinese stocks edged higher, with the Shanghai composite above the flatline while the Shenzhen component advanced 0.23%. Hong Kong’s Hang Seng index gained 0.47%.

South Korea’s Kospi was 0.48% higher.

Over in Australia, the S&P/ASX 200 was fractionally higher. The Reserve Bank of Australia on Tuesday released minutes from its September meeting, where members noted that “the downturn had not been as severe as earlier expected and a recovery was under way in most of Australia.”

Following the release of the minutes, the Australian dollar traded at $0.7307, as compared to an earlier low of $0.7265.

Japanese stocks lagged, as the Nikkei 225  slipped 0.56% while the Topix index shed 0.68%.

Overall, the MSCI Asia ex-Japan index traded 0.38% higher.

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