Currency traders watch computer monitors near the screens showing the Korea Composite Stock Price Index , center, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Monday, July 15, 2024. Asian shares began the week trading mixed as China reported that its economy expanded at a slower-than-forecast 4.7% annual pace in the last quarter.
“The set of economic data releases from China this morning has not been promising ahead of their upcoming Big Plenum, with the data once again pointing to a mixed bag for the world’s second largest economy,” Yeap Jun Rong of IG said in a commentary. The Russell 2000 rallied 1.1%, nearly double the S&P 500’s gain, and closed out its best week in eight months.
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