Asian shares up after China growth data, Wall St rally

Asian markets rose on Monday after China released data showing the economy grew in line with expectations in the April-June quarter.

While the news out of Beijing pointed to a further weakening in the economy, it met forecasts and added to broadly upbeat sentiment that was helped by another record-breaking finish on Wall Street.

Hong Kong rose 0.45 per cent and Shanghai added 1.22 per cent, while Sydney -- where a number of listed companies rely on Chinese trade -- climbed 0.25 per cent. Seoul put on 0.27 per cent.

Tokyo was closed for a public holiday.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1283085/asian-shares-after-china-growth-data-wall-st-rally