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Market Update

Asia Adds But China Drags

Asian stocks ended higher but Chinese equities lagged behind Friday after the country's finance minister Lou Jiwei’s said late yesterday that economic growth would likely average 7% this year.

The Shanghai Composite lost 1.6% while the Hang Seng retreated 0.7%. Elsehwere, the Nikkei edged up 0.2%, the Sensex rallied 1.4% and the S&P/ASX All Ordinaries finished up 0.2%.