Most of the Asian equity benchmarks are trading higher on Monday on hopes for further stimulus from world’s major economies amid softer economic data. Chinese customs data showed the country’s exports unexpectedly fell in August, pointing to further weakness in the world’s second-largest economy, while US jobs growth in the month of August was weaker than expected. Japan's Nikkei is trading higher despite a slightly stronger yen. Malaysia's stock market is closed for Yang Dipertuan Agong's Birthday. Among the other Asian markets, Singapore, Taiwan, South Korea, Shanghai, Malaysia and Indonesia are in positive. Bucking the trend, Hong Kong is in negative territory
Nikkei 225 up 108.96 points or 0.51% to 21,308.53, Straits Times rose 4.45 points or 0.14% to 3,148.93, Taiwan Weighted widened 7.95 points or 0.07% to 10,788.59, KOSPI Index increased 11.70 points or 0.58% to 2,020.83, Shanghai rose 10.91 points 0.36% to 3,010.51, and Jakarta Composite higher by 15.70 points or 0.25% to 6,324.65.
On the flip side, Hang Seng down 21.38 points or 0.08% to 26,669.38.
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