Asian stocks finished firmly in the green Monday amid buoyant global sentiment, with investors across the region bracing for a spate of key economic data due from China on Tuesday and reacting to the latest move from the Chinese central bank.
Hong Kong’s Hang Seng Index jumped 1.8% in the first trading day of the new week while the Shanghai Composite rose 1.2% and Tokyo’s Nikkei 225 gained 0.8%.
“In China, investors will be focused on the latest economic activity signals tomorrow, with the release of retail sales, industrial production and property investment data,” said Jim Reid, a strategist at Deutsche Bank.
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