ASIA CREDIT CLOSE: Rally quiets bonds as market waits on CNOOC

April 27, 2015 8:23 AM

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HONG KONG, April 27 (IFR) - Asian equity markets continued their relentless rally on Monday after the S&P 500 and Nasdaq indices hit record highs on Friday. The Hong Kong and Shanghai stock markets posted large gains of 1.64% and 3.04%, respectively.

The rally marks an upbeat start to what is billed as a crucial week of economic data and meetings. US Q1 GDP, inflation and consumer confidence are out this week and an announcement from the FOMC is scheduled for Wednesday.

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