On Monday, Asian shares witnessed gains after the hopes of coronavirus vaccine to come by the end of 2020 gets firm, making the market move towards a 2.5 year high. However, the uptrend was dragged down by Chinese data, which posted weaker than expected reports.
MSCI, Asia Pacific shares index outside Japan surged 0.6% consecutively for the second day after gains were dragged down by Chinese GDP data for Q3, which rose 4.9% as compared to the same period last year but was slower than the expected 5.2%.
Meanwhile, Australia’s leading index and Japan’s Nikkei both rose 1.1%, with Euro getting dull at $1.1712.