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Asian stock closed higher as geopolitical concerns eased slightly. Stock markets came under pressure last week as investors preferred safe-haven assets due to geopolitical tensions in Iraq and Ukraine.
Japanese stocks were supported by the weaker yen, and news reported that the Government Pension Investment Fund (GPIF) crapped its upper limit on domestic shareholdings.
Chinese stocks were supported by consumer price index, releases on August, 09. Chinese consumer index climbed 2.3% in July, in line with expectations.
Chinese producer price index declined 0.9% in July, beating expectations for a 1.0% fall, after a 1.1% decrease in June.
Sumco Corp. shares dropped 12% after missing net-income forecast.
Indexes on the close:
Nikkei 225 15,130.52 +352.15 +2.38%
Hang Seng 24,646.02 +314.61 +1.29%
Shanghai Composite 2,224.65 +30.23 +1.38%
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