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Most Asian shares post strong gains with Nikkei up more than 2%

Published 05/08/2017, 02:20 AM
Updated 05/08/2017, 02:21 AM
© Reuters.  Asian shares gain
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Investing.com - Asian shares were mostly higher on Monday with Shanghai bucking the trend as centrist Emmanuel Macron matched opinion poll expectations and handily beat anti-EU far-right candidate Marine Le Pen and the Nikkei 225 surged more than 2%.

In Australia, the S&P/ASX 200 rose 0.57%. The Hang Seng Index gained 0.35% but the Shanghai Composite eased 0.92% after trade data. Overall, China said exports rose 8.0% in April year-on-year, below the 10.4% gain seen, while imports rose 11.9% also below the 18.0% gain expected for a trade balance surplus of $38.05 billion, wider than the $35.50 billion seen.

Last week, U.S. stocks were higher after the close on Friday, as gains in the Oil & Gas, Basic Materials and Telecoms sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average rose 0.26%, while the S&P 500 index climbed 0.41%, and the NASDAQ Composite index gained 0.42%.

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