Major stock markets in the Asia-Pacific region traded mostly higher in the afternoon session on Monday as investors assessed the latest data on China's retail sales and industrial production. Additionally, on Sunday, the Chinese government announced a "Special Action Plan to Boost Consumption" to prop up domestic consumption in the world's second-largest economy, including "multiple measures" to stabilize the stock market.
Australia's S&P/ASX 200 improved by 0.83% at the closing bell. Japan's Nikkei 225 gained 1.16% or 431 points at 7:08 am CET, while Hong Kong's Hang Seng increased by 1.03% and South Korea's Kospi climbed by 1.43%. In mainland China, the Shanghai Composite added 0.25% and the Shenzhen Composite declined by 0.15% at 6:54 am CET.
The dollar traded 0.27% higher against the yen at 7:10 am CET, selling for 149.04100.
