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Asian markets rise


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HONG KONG, July 13: Asian shares made modest gains on Friday after China said its economy slowed in line with expectations, quashing fears data would show a “doomsday” scenario of the country heading for a hard landing.

Hong Kong closed up 0.35 per cent, or 67.52 points, at 19,092.63, Seoul jumped 1.54 per cent, or 27.50 points, to finish at 1,812.89, while Sydney finished 0.35 per cent, or 14.2 points, higher at 4,082.2.

Tokyo was also flat, adding 0.05 per cent, or 4.11 points, to finish at 8,724.12.

Singapore closed up 0.79 per cent, or 23.52 points, at 2,995.56.—AFP

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