Asian Markets Rise
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REUTERS/Carlos Barria
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Japan's Nikkei is up 2%.
Australia's S&P/ASX 200 is up 0.5%.
China's Shanghai Composite is flat.
Hong Kong's Hang Seng is up 0.5%.
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While the latest data beat expectations it confirmed fears of China's economic slowdown.
Q1 GDP was up 7.4% on the year, but down from 7.7% the previous quarter. Quarter-over-quarter GDP was up 1.4% or 5.7% annualized.
The Aussie dollar got a nice pop after the data beat expectations but pared some of those gains.
Meanwhile, S&P futures are up 0.3% and NASDAQ futures are up 0.4%.
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