Stock market update
Asian shares were generally higher on Monday after Chinese stocks surged to a 3-1/2 week high as investors were still last week’s encouraging data from the world’s second-biggest economy, helping offset a slightly disappointing Japanese Q2 GDP report (the nations GDP growth was 0.6% vs. 0.9% expected).
Nikkei closed down by 0.7% at 13,519.43. The index managed to pare some losses after an initial dip by as much as 1.4% and the visit of 6-week low. USD/JPY initially weakened, but then turned around in late morning trade.
Data from Bloomberg