Asia stocks rally as China data buoys mood; dollar stays strong

By Kevin Buckland TOKYO - Asian stocks rose strongly on Friday, extending a global equity rally, after better-than-expected Chinese economic data added to the good vibes from expectationsBy Kevin Buckland

Hong Kong's Hang Seng added 1.2%, and mainland Chinese blue chips rose 0.2%, flipping from early small losses.U.S. S&P 500 futures pointed to a 0.17% rise, after the cash index rallied 0.84% on Thursday. "It's certainly not a definitive turning point, but perhaps we're seeing green shoots in China's economy," said Kyle Rodda, senior market analyst at brokerage firm Capital.com, calling the retail sales figures"particularly heartening."

Australia's dollar, which often trades as a proxy for the country's top trading partner, rose 0.3% to $0.6460. The euro was flat at $1.0643, languishing near the overnight low of $1.0632, the lowest level since March 20.

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