Asian stock markets stabilized on Monday, while the Australian dollar blaze high number of investors sigh after data showed China's slowing economic power in the region is not worried about as bad.
Compared with a year earlier, China's second-quarter economic growth cooled to 7.5%, 7.7%, in line with expectations.
Morgan Stanley in the broadest index of Asia-Pacific shares outside Japan MIAPJ0000PUS rose 0.4 percent after drifting negative territory. AXJO Australian Market Hong Kong Hang Seng index were up between 0.3-0.9%.
Japanese financial markets closed for a public holiday.
"Growth is the key reason for the weak weak exports, but the overall domestic demand has actually held a pretty good all the way through the second quarter," Royal Bank of Scotland (RBS), chief China economist at High-Louis said.
"There are significant downside risks, both from the side and lower global growth could impact the credit, but I think it is not deteriorating significant downside risks."
Although the Asian stock market downturn, the region's stocks underperformed their U.S. counterparts for the second consecutive day on Friday, a record closing high, the Dow Jones Industrial Average closed.
Fed Chairman Ben Bernanke's latest commitment, over a period of time to maintain loose monetary policy triggered a rally in the U.S. stock market and forced the market to curb hawkish expectations.
After weighing the dollar fell sharply by 1.7% against a basket of major currencies last week in its second year, the largest single-week decline.
The dollar index DXY was a touch softer 82.915 82.418 morning fell to two-week low last week.
Renewed weakness in the dollar, helping the euro jumped as high $ 1.3208 last week from a low of around $ 1.2755. However, the common currency, because back ground a bit to $ 1.3072.
In the currency market, the most prominent is the Australian dollar, after a quarter of one percent of the United States, China data climbed, reaching an intraday high of $ 0.9110.
In the three-year period has fallen below 90 cents, market rumors on Friday that China's economic growth has slowed, even more than expected. China is Australia's largest single export market.
Commodity markets also took heart after China data. Copper rose 0.4 percent, $ 6,982 per tonne, while U.S. crude oil futures pared losses, the day will be flat around $ 105.88 a barrel.
$ 1,292 per ounce of gold transactions to maintain its momentum after last week's rally nearly 5 percent - nearly two years of its biggest weekly gain.
 



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