The Shanghai Composite Index swung to a gain as the better- than-estimated 6.9 per cent expansion in gross domestic product, while still being slowest pace since the global financial crisis, signaled the government's stimulus policies may be taking hold. Japanese shares dragged the Asian equity benchmark from a two-month high. The Aussie erased a drop to gain, while the euro and yen pared their advance. Copper and nickel declined with grains.
"The growth outlook remains subdued," Louis Kuijs, head of Asia economics at Oxford Economics Ltd in Hong Kong, wrote in a note before the data release. "Further macroeconomic easing should follow, although there are no major stimulus plans."
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