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Asian Shares Mostly Higher In Muted Reaction To Trade Deal

(RTTNews) - Asian stocks rose broadly on Thursday, though overall gains remained limited as market reaction appeared muted to the signing of a partial trade deal between the United States and China.

Chinese stocks slipped and the yuan held steady as the U.S.-China trade deal left numerous thorny issues unresolved.

The benchmark Shanghai Composite index dropped 15.96 points, or 0.52 percent, to 3,074.08 while Hong Kong's Hang Seng index edged up 0.38 percent to 28,883.04.

Japanese shares ended marginally higher after the release of upbeat core machinery orders data. The Nikkei average edged up 16.55 points to close at 23,933.13, while the broader Topix index closed 0.14 percent lower at 1,728.72.

Core machine orders in Japan jumped a seasonally adjusted 18.0 percent sequentially in November, the Cabinet Office said - coming in at 942.7 billion yen. That blew past expectations for an increase of 2.9 percent following the 6.0 percent slide in October.
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