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China's trade data posted overnight showed scant evidence of the Sino-US trade war with exports steady and imports on the rise. It is likely too early for the US tariffs to skew the data much yet, however, and another drop in Chinese equities shows that the situation is far from resolved.
Editor’s Picks 19 June 2015 at 5:48 GMT

China, Greece and the Fed in the mix as Asian shares edge higher

Reuters
Asian shares rose for a third consecutive day on Friday, and the dollar remained on the backfoot against the region's currencies as investors bet US interest rates will not as rise quickly as expected. "This removes a source of uncertainty for Asian markets in the near term and should be a positive factor going ahead, though the Greek factor will temper any optimism," said Stephen Chiu, a strategist at Mitsubishi UFJ Financial Group in Hong Kong. A moderate recovery in the US economy in previous months had raised concerns the Federal Reserve would strike a hawkish stance at Wednesday's meeting, but its cautious tone sparked a sense of relief and prompted investors to snap up risky assets. A broad index of Asia-Pacific shares outside Japan gained 0.6% while Japan's Nikkei rose 0.9% from a one-month low set on Thursday. Major US share indices jumped about 1%, with the Nasdaq Composite finally erasing its last standing milestone from the dot-com era to set a record intraday high.
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