Asia shares trim losses as Chinese recovery offsets weak US consumer spending
Blue chips gain 0.8% after the economy grows 6.5% in the fourth quarter on a year earlier
18 January 2021 - 07:27
Sydney — Asian shares pared early losses on Monday as data confirmed China’s economy had bounced back last quarter as factory output jumped, helping partially offset recent disappointing news on US consumer spending.
Chinese blue chips gained 0.8% after the economy was reported to have grown 6.5% in the fourth quarter on a year earlier, topping forecasts of 6.1%...
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