Asia-Pacific markets mostly climbed on Monday, with investors keeping a close watch on Chinese equities.
In Japan, the Nikkei 225 index gained 343.42 points, or 0.9%, to 37,396.52.
Yields on 40-year Japanese Government Bonds (JGBs) rose seven basis points to hit a record high of 3.007%. Meanwhile, yields on 30-year JGBs rose slightly to hit a 19-year high of 2.635%.
In Hong Kong, the Hang Seng index gained 185.59 points, or 0.8%, to 24,145.47.
CHINA
The CSI 300 in mainland China dipped 9.77 points, or 0.2% to 3,996.79.
The Chinese government on Sunday announced a “Special Action Plan to Boost Consumption” to revive consumption by boosting people’s incomes. Other measures include plans to stabilize the stock and real estate market and raising the country’s birth rate.
China’s retail sales rose by 4% in the January-February period from a year ago, compared with the 3.7% year-on-year growth in December and in line with Reuters estimates. Meanwhile, urban investment in the country rose 4.1% year-on-year in the January-February period, surpassing the 3.6% forecast by Reuters.
In other markets
In Taiwan, the Taiex index soared 150.58 points, or 0.7%, to 22,118.63.
In Singapore, the Straits Times index forged ahead 23.34 points, or 0.6%, to 3,859.36
In Korea, the Kospi recouped 44.33 points, or 1.7%, to 2,610.69
In New Zealand, the NZX 50 fell 100.11 points, or 0.8%, to 12,166.14.
In Australia, the ASX 200 surged 64.39 points, or 0.8%, to 7,854.06
