Asian shares raced to two-week highs on Wednesday, with investor confidence getting a much needed boost from upbeat U.S. data and lingering hopes China may take steps to stimulate its sagging economy. U.S. consumer confidence rose more than expected in March, climbing to its highest level since January 2008 and U.S. house prices increased solidly in January. The reports were the latest in a string of positive reads on the U.S. economy, adding more credence to the view that softness earlier this year was related to inclement weather and not economic weakness. Hit by a spate of negative news in recent weeks, including the Ukraine crisis and slowing growth in China, investors appear to be holding on to hopes that Beijing will take steps to bolster its sagging economy.
via Business News - Yahoo Finance http://ift.tt/1jFDaWN
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