China’s benchmark index extended last week’s winning streak on Monday on optimism that the world’s second-largest economy may be stabilizing while gains in the rest of Asian stocks were capped after slow Japanese growth data.
The Nikkei fell 0.3 percent but moved off a six-week low, Australia’s S&P ASX 200 edged up 0.6 percent and South Korea’s Kospi index was steady at 1,885 points. But the Shanghai Composite outperformed to hit a new one-month high.
A weak lead from Wall Street late last week dented sentiment in Asia. U.S. stocks posted their biggest weekly decline in two months on Friday, led by the Dow Jones Industrial Average’s 1.5 percent weekly loss amid worries about when the Federal Reserve may start to wind down its stimulus program.
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