Asian Stock Markets Starts The New Week With Rise

Asian Stock Markets Starts The New Week With Rise Asian stock markets starts the new week with a rise. Stocks in the region rose in Monday, led by China. Indices in the Asia Pacific region were positive on the first day of the week, led by Chinese stocks. The Bank of China lifted the two-year rule that made it expensive to position against the yuan on Saturday. The yuan fell 0.7 percent against the dollar. The Australian dollar was also negative in trading this morning. Chinese stocks pioneered regional gains, backed by the optimism generated by President Xi Jinping's anticipated visit to Shenzhen this week and the positive mood to announce Xi's plan to open the rest of the economy to foreign investment. Thanks to the optimism generated by President Xi Jinping's anticipated visit to Shenzhen this week and the support of positive expectations about Xi's announcement of his plan to open the rest of the economy to foreign investment, Chinese stocks have led the way in regional increase. Hong Kong stocks also started the day with an increase. There were slight increases in South Korea and Australia. On the other hand, the Japanese stock market diverged negatively.   Index Summaries Japan's Topix Index fell 0.2 percent. Hong Kong's Hang Seng Index rose 1.7 percent. The Shanghai Composite Index rose 1.6 percent. The South Korean Kospi Index gained 0.6 percent. Australia's S & P / ASX 200 Index rose 0.2 percent.