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Asia Climbs as Earnings Season Continues

Asia-Pacific traded higher on Monday, as investors looked ahead to another major earnings week on Wall Street, including the likes of Charles Schwab, Bank of America and Morgan Stanley.

In Japan, the Nikkei 225 nosed up 21.31 points, or 0.1%, to 28,514,78.

In Hong Kong, the Hang Seng index popped 343.64 points, or 1.7%, to 20,782.45.

In Australia, shares moved up extending their performance from last week’s gain of nearly 2% with all 11 sectors finishing the week higher.


In Shanghai, the CSI 300 added 57.38 points, or 1.4%, to 4,149.38, ahead of China’s gross domestic product report on Tuesday.

Economists polled by Reuters expect to see a 4% rise year-on-year for the first quarter of 2023, higher than the final quarter of last year. That would mark the biggest rise in nearly a year.

In other markets

In Singapore, the Straits Times improved 16.6 points, or 0.5%, to 3,319.25.

In Korea, the Kospi cleared breakeven 4.42 points, or 0.2%, to 2,575.91.

In Taiwan, the Taiex Index heightened 34.12 points, or 0.2%, to 15,963.55.

In New Zealand, the NZX 50 recovered 55.58 points, or 0.5%, to 11,963.15.

In Australia, the ASX 200 advanced 19.94 points, or 0.3%, to 7,381.52.