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Asia bonds benefit on US record closes; Shanghai during 3-year high

Shanghai adult 0.6%

Mainland shares rose to a top levels given Nov 2011 for a second uninterrupted event as some-more sum emerged on Monday about a highly-anticipated Stock Connect program.

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The Shanghai Stock Exchange pronounced China’s exchanges will be means to settle trades on a same day as against to a stream complement of subsequent day settlement, bringing them in line with general standards.

Financials were among a biggest gainers on a Shanghai Composite; Founder Securities surged 10 percent, Haitong Securities rose 5 percent and Everbright Bank climbed 4 percent.

ASX 0.2% lower

Australia’s benchmark SP ASX 200 index extended waste after shutting during a two-month low in a prior session. A consult from a National Australia Bank display business conditions posting a biggest boost on record in Oct was incompetent to boost sentiment.

Miners BC Iron, Fortescue Metals, Atlas Iron and Mount Gibson fell between 5 to 6 percent any as mark iron ore continued to trade next $76 a ton, levels not seen given Jun 2009. Also weighing on view were reports that a total $10 billion were wiped off their marketplace capitalizations given Dec 31.

Fertilizer manufacturer Incitec Pivot rallied scarcely 4 percent after augmenting a final division to 7.3 cents from 5.8 cents a share and divulgence a 33 percent tumble in full-year net profit.

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Article source: http://www.cnbc.com/id/102171435

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