Tech stocks rallied in Hong Kong after Alibaba Group and JD.com announced their quarterly results. The People's Bank of China Governor Pan Gongsheng's comments also bolstered market sentiment.
Market indexes in Hong Kong and Shanghai rebounded after a batch of mixed-key economic updates. Retail sales growth accelerated, industrial output increased nearly steadily in July, but home prices fell at the fastest pace in nine years.
Stocks in Japan extended gains for the second day in a row amid stabilizing market sentiment and firmness in the yen. Prime Minister Fumio Kishida said he plans to step down amid growing party infighting and a low voter approval rating.
Stocks rebounded in active trading in Tokyo after investors returned from a three-day holiday. Producer price inflation in July accelerated and rose to 3%, driven by a higher cost of imported food, fuel, and materials.
Stocks in China lacked direction amid economic slowdown worries and a weak corporate earnings outlook. Investors looked forward to the release of key economic data, including retail sales, fixed-investment, and housing market updates.
Stocks in China lacked direction, and investors looked ahead to the release of industrial output, retail sales, and fixed-investment data later in the week.
After a week of historic swings in Tokyo trading, stock market indexes closed higher. The yen continued to weaken from its 8-month high as investors reassessed the Bank of Japan's monetary policy outlook.
China stocks extended gains for the third consecutive session after global market volatility subsided. China's consumer inflation was positive for the sixth month in a row in July, and producer price inflation declined for the 22nd month in a row.
Stocks struggled to advance in Tokyo, and the yen drifted lower against the yen as calmness returned to global markets. The current account surplus widened in June after exports rose faster than imports. Some policy members urged a larger rate increase in the latest BoJ policy meeting.
China indexes rebounded as foreign investors searched for bargains in the financial, advanced technology, and industrial sectors. China's inflation data on Friday is expected to highlight persistent deflationary trends and consumer demand growth weakness.
Stock indexes in Japan extended gains, and the yen eased against the U.S. dollar after comments from deputy governor Uchida said the central bank would avoid raising rates in volatile markets.
China's imports advanced at a faster pace than exports, and trade surpluses shrank in July. Market indexes in Shanghai and Hong Kong rebounded from three-month lows after calm returned to global markets.
