Asian shares rose ahead of China factory output data


(MENAFN– ecpulse)

Asian shares inclined in today`s early trades, and the regional benchmark extended its rally to be the longest this year. The MSCI Asia Pacific index climbed 0.9 percent to 136.73 at 11:26 AM in Tokyo, recording the ninth straight incline, the longest since December 2012. Data expected to be released Thursday expected to show the Chinese industrial output rebounded and retail sales advanced.

Moreover, Japan`s Topix Index gained for the second day, as it climbed 1 percent and about to record the highest close since August 6. S&P/ASX 200 index climbed 0.4 percent, as data showed Australian business confidence advanced in August.

Malaysia`s ringgit rose 0.7 percent to reach 3.2698 against its American counterpart, while Thailand`s baht climbed 0.3% recording 32.075 against the dollar. The Australian dollar reached 92.19 U.S cents, before it fell to 92.57.


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