Asia Shares Recoup Losses As China Hits 7-Month Top
August 16, 2016
Asian shares inched back from one-year peaks on Monday as a rally in Chinese stocks helped offset news of Japan’s economic growth slowing to a halt last quarter.
China’s blue-chip CSI300 Index rose 1.3 percent to a seven-month high and Shanghai added 0.9 percent amid talk more stimulus would be forthcoming from Beijing.
The need for further policy action in Japan was underlined by the subdued economic reading, leaving the Nikkei dithering either side of flat.