Asian stocks rose on Monday after China's stock market soared to a 3-1/2 week high as investors hearts, encouraging data from the last week from the world's second largest economy, helped offset slightly disappointing Japan's second quarter GDP report.
China's CSI 300 Index, CSI 300 Index rose 1.2%, continuing on Friday after rising factory output in July fastest pace since the beginning of the year.
After the market closed on Friday, data released by the same positive, came in July China new bank loans and money supply, higher than expected, although in a broad measure of decreased mobility.
"In addition to support from the government environmental protection department released the latest batch of economic data relieve some of the pressure, the traditional cyclical industry, said:" China a large brokerage in Shanghai dealer.
When the U.S. Federal Reserve will begin trimming its massive stimulus Chinese economic slowdown and concerns about the uncertainty in recent months has upset the market. Last week, the Chinese data fueled hopes of steady growth may be, Asia's economic powerhouse.
Strong Chinese stock market boosted Asian markets, MSCI Asia Pacific (ex-Japan) Index. MIAPJ0000PUS index rose 0.7 percent, one-week high yields.
Japanese stocks also pared losses after investors had initially cut some of their risks of data show that in April-June, its economy grew more slowly than expected.
Tokyo's Nikkei N225 fell 1.4% to 6-week low and GDP data, the yen strengthened, but they turned in early trading.
Nikkei flat in early trading, while the yen fell 0.3 percent to 96.590 yen U.S. dollars.
Earlier, the yen strengthened up 0.4% to 95.92 yen U.S. dollars, away from last week's seven-week peak of 95.810 yen, and hit six-week high at 127.97 yen euros.
Japan, the world's third largest economy, increased 2.6 percent annual rate in the second quarter, the third consecutive quarter of expansion, but faster than the downwardly revised 3.8 percent in the first quarter.
The median forecast of 3.6 per cent a year, so the data may increase requested a postponement of planned sales tax increase concerns about deflation in Japan may be delayed flee.
The benchmark 10-year Japanese government bonds, moves opposite the price, the yield fell 0.5 basis point slightly three-month low 0.745%.
Yen-dollar exchange rate fell by 11% this year, as Prime Minister Shinzo Abe (Shinzo Abe) to promote fiscal and monetary expansion policy to revive the economy, while the Nikkei Index in the same period increased by 30%.
DXY dollar against a basket of major currencies, rose 0.2 percent on Monday.
Singapore's strong second-quarter gross domestic product
Singapore's economic growth in the second quarter, better than expected pace of the city and the government expects the country's prospects for growth in the global economy gradually picked up in the coming months.
Singapore stock market FTSTI were up 0.2 percent, underperforming regional markets, however.
U.S. stocks fell on Friday, June posted its biggest weekly decline since, investors concerned about when the Fed will start to pull back the massive stimulus.
In commodity markets, copper prices fell 0.7 percent, to 7,226.50 dollars per tonne on Friday on the back after upbeat Chinese factory data climbed 1.3 percent to a two-month high. They rose 3.9 percent last week, recording their best weekly gain in nearly a year.
Gold rose 1.2 percent, extending the previous day up 0.3 percent, heading for the fourth consecutive trading day winning streak.
Brent crude oil futures prices fell 0.2% to just under $ 108 a barrel after rising 1.4 percent on Friday, a five-day run losses - the longest since April capture.
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