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Asian Stock Market: Trades higher, China equities lead gains

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Asian stock market gains momentum on Tuesday as the concern over the economic slowdown in China fades while investors await the economic data from the

At press time, China’s Shanghai is up 1.39% to 3,141, the Shenzhen Component Index surges 2.41% to 10,480, Hong Kong’s Hang Sang rises 2.02% to 18,496, South Korea’s Kospi is up 0.40%, Japan’s Nikkei is up 0.33% and Nifty 50 rises 0.16%.

In Japan, the nation’s unemployment rate increased to 2.7% in July from 2.5% in June, according to the latest figures from the Statistics Bureau. The figure rose for the first time in four months and exerted pressure on the Bank of Japan and the government.

will be due later this week. Also, the US Gross Domestic Product , ISM PMI, and Core Personal Consumption Expenditures will be in the traders’ focus.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

 

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