Asia-Pacific markets were in the green on Monday as investors parsed the latest slew of economic data out of China.
In Japan, the Nikkei 225 index zoomed 1,603.35 points, or 3.4%, to 49.185.50, after the country’s Liberal Democratic Party and the Japan Restoration Party effectively reached an agreement to form a coalition government.
In Hong Kong, the Hang Seng index 611.73 points, or 2.4%. to 25,858.83.
CHINA
The CSI 300 in Shanghai recovered 23.99 points, or 0.5%, to 4,538.22.
China’s GDP rose 4.8% in the July-to-September period compared to a year ago, in line with expectations of analysts polled by Reuters.
The Asian giant also kept its benchmark lending rates unchanged, in line with expectations, with the one-year loan prime rate at 3%.
In other markets
Markets in Singapore were closed for holiday.
In Taiwan, the Taiex index restored 386.26 points, or 1.4%, to 27,688.63.
In Korea, the Kospi improved 65.8 points, or 1.8%, to 3,814.69.
In New Zealand, the NZX 50 regained 55.76 points, or 0.4%, to 13,344.97.
In Australia, the ASX 200 grew 36.63 points, or 0.4%, to 9,031.92.
