Asian Stocks Rise After China Adds Liquidity

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Asian shares gained after China's central bank injected extra credit into its financial system.

The move came after China posted Q4 GDP grew 7.7%, slower than the previous quarter's 7.8%, and ahead of the Lunar New Year, when credit is generally tighter. Quarter-on-quarter, Q4 GDP grew 1.8% from the previous period's 2.2%.

The Bank of Japan also started a two-day policy meeting on Tuesday.

In ADR news, LG Display ( LPL ) was upgraded to buy from underperform at Bank of America Merrill Lynch.

CNOOC Limited ( CEO ) was downgraded at Credit Suisse and Sanford Bernstein after the company forecast output growth below expectations.

The Nikkei ended up 0.99% at 15,795.96, the Hang Seng up 0.45% at 23,033.12 and Shanghai up 0.86% at 2,008.31.



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This article appears in: Investing , Commodities

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