Financial Times FT.com

Asia stocks boosted by US growth figures

HONG KONG, Aug 29 – Asian stocks climbed on Friday, led by industrial companies and exporters, after a big upward revision to second-quarter U.S. economic growth boosted the outlook for demand, but shares posted their fourth consecutive monthly decline.

European shares opened flat to a touch higher, with investors’ focus on a rise in first-half profit from the world’s second-biggest retailer Carrefour and U.S. personal consumption data for July due later.

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