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Asian shares hitch a ride on Wall Street's record
Asian shares rose in early trading on Friday, after upbeat U.S. data sparked another record close on Wall Street. U.S. home resales rose to a 10-month high in July, factory activity in the mid-Atlantic region hit its highest level since March 2011 in August, and a gauge of future economic activity grew solidly last month. "A clutch of positive reports on the U.S. economy sharpened the contrast with most of the rest of the world and helped propel the S&P 500 to a record high," analysts at Barclays said in a note to clients. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trading, ... (full story)