HONG KONG: Asian markets mostly rose yesterday after data showed China's economy picked up in July-September, following a record close on Wall Street fuelled by relief that Washington had averted a devastating default.
Sydney gained 0.73 per cent, or 38.4 points, to end at 5,321.5 - its highest close in five years and Seoul appreciated 0.58 per cent, or 11.79 points, to 2,052.40.
But Tokyo lost 0.17 per cent, or 24.97 points, to 14,561.54, ending a seven-day rally after a pick-up in the yen against the dollar while Shanghai climbed 0.24 per cent, or 5.24 points, to 2,193.78.
Beijing said yesterday that the world's number two economy had snapped two quarters of slowing growth.
The National Bureau of Statistics said gross domestic product expanded 7.8 per cent in the third quarter of the year, in line with a median forecast of analysts surveyed by AFP.
In other markets:
* Taipei rose 0.79 per cent, or 66.51 points, to 8,441.19. Taiwan Semiconductor Manufacturing Co rose 2.8 per cent to T$110 while smartphone maker HTC was up 0.76 per cent at T$133.
* Wellington fell 0.36 per cent, or 17.41 points, to 4,758.59. Casino operator SkyCity slipped 3.7 per cent at NZ$3.94, Chorus was off 3.5 per cent at NZ$2.45, but Fletcher Building was up 0.1 per cent at NZ$9.50.
* Manila closed 0.72 per cent higher, adding 46.95 points to 6,607.83. Philippine Long Distance Telephone advanced 0.14 per cent to 2,856 pesos, Alliance Global Group was up 1.73 per cent at 26.45 pesos and First Gen added 1.24 per cent to 16.32 pesos.
* Jakarta ended up 0.61 per cent, or 27.64 points, at 4,546.57. Retailer Hero Supermarket rose 6.29 per cent to 3,800 rupiah while tin miner Timah fell 1.20 per cent to 1,650 rupiah.
* Bangkok gained 1.06 per cent, or 15.63 points, to 1,484.72. Coal producer Banpu rose 3.39 per cent to 30.50 baht while Bangkok Bank added 2.99 per cent to 207.00 baht.
* Mumbai jumped 2.29 per cent, or 467.38 points, to a near three-year high of 20,882.89. Private Essar Oil rose 6.88 per cent to 55.95 rupees while steel producer Tata Steel advanced 5.92 per cent to 328.45 rupees. AFP