Asian Equities Higher with Tokyo at Eight Week High

Upbeat China factory data and another closing record on Wall Street boosted Asian shares on Monday, while the euro held recent gains against the dollar but remained shaky ahead of a closely watched European Central Bank meeting.

Tokyo’s Nikkei rose 1.8 percent, while Australian shares added 0.3 percent.  MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed. Greater China markets were closed on Monday for a holiday.

“Risk appetite has risen mainly on bright economic data from China, but the direction for the month will likely depend on other economic data like U.S. jobs figures this week,” said Hikaru Sato, a senior technical analyst at Daiwa Securities in Tokyo.

Reuters

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