Asian Stocks Rise as China's Spending Plans Overshadow Data
- China shares traded in H.K. jumped to the highest since March
- Topix nearly erases losses amid weaker yen, corporate earnings
This article is for subscribers only.
Chinese shares traded in Hong Kong advanced a sixth straight session as spending plans unveiled by the government overshadowed data showing a slowdown in factory output and investment. Tokyo stocks nearly erased losses.
The MSCI Asia-Pacific Index gained about 0.2 percent at 4:24 p.m. in Hong Kong, holding near a two year high. The Hang Seng China Enterprises Index rose 1.6 percent, climbing to its highest since March 24. Japan’s Topix almost reversed a loss of 0.6 percent as the yen weakened. India’s benchmark index opened higher Monday after gaining 1.1 percent last week.