Asian stocks head higher on China data, markets…

Asian equities extended gains on Tuesday and the dollar slipped, with investor sentiment supported by Chinese data and optimism about Covid-19 vaccines.

Chinese blue chips added 0.4 per cent, buoyed by data showing China’s industrial output rose 5.6 per cent in August from a year ago, expanding for a fifth straight month.

Japanese Chief Cabinet Secretary Yoshihide Suga won a landslide victory in a ruling party leadership election, paving the way for Japan’s first change of leader in nearly eight years.

Strategists expect Japanese equities to take support from Suga’s win.

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