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Asian shares mostly up as China growth beats forecasts

Published on Apr 16, 2014 11:33 AM

HONG KONG (AFP) - Asian markets mostly rose on Wednesday following a second straight rally on Wall Street, while Chinese economic growth came in slightly above forecasts in the first three months of the year.

Japan's Nikkei led regional gains thanks to a weaker yen after the head of the country's central bank said it was on target to meet its inflation target next year.

Tokyo jumped 2.26 per cent by the break, Hong Kong added 0.51 per cent and Sydney gained 0.36 per cent. Seoul was 0.10 per cent higher but Shanghai was down 0.23 per cent.

China's National Bureau of Statistics (NBS) said the world's number two economy expanded 7.4 per cent year on year in January-March.

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