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Global FX TESTING DATA:
Asian shares rose firmly on Friday as strong U.S. earnings and a step forward in Congress on U.S. tax reform brightened the mood, even though investors noted that many hurdles remain to passage of a deal on tax cuts.
JAPAN Japan’s exports are expected to have risen for an eleventh straight month in October, led by robust demand for cars and electronics manufacturing equipment as the world’s third-largest economy continues its recovery
It’s not often that China’s official media agency takes aim at a specific stock.But that’s what happened to Kweichow Moutai Co. on Thursday, when Xinhua News Agency said shares in China’s biggest liquor maker should rise at a slower pace. Within hours, the company had made its own stock exchange filing, says it hopes investors are cautious in making decisions, and that analysts’ share price targets and valuations in the market are "overly high". The result was a plunge of as much as 5.8 percent in the Shanghai-listed shares, their biggest decline in two years.