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Sharesin Asia mostly higher as investors focus on easy monetary policies

© Reuters. Asian shares mostly higher despite CHinese trade data

Investing.com - Shares in Sydney, Shanghai and Tokyo shrugged off weak Chinese trade data and gained on Monday with investors focused on the scope for continued easy monetary policies in the region.

The Shanghai Composite gained 3.20% at the break while the S&P/ASX 200 rose 0.31% and the Nikkei 225 wasup 0.11%. The Hang Seng indes however fell 0.30%.

At the weekend, China said its trade balance reached a surplus of $43.03 billion, below expectations while exports fell 8.3% in dollar terms and imports dipped 8.1% in July.

As well, China said consumer prices in July gained 1.6% year-on-year, meeting expectations, while producer prices eased 5.4%, more than expected.

The mixed data is sure to raise questions about the next step for the People's Bank...


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