Beijing, China (BBN)-Shares in mainland China jumped on Monday despite the world’s second largest economy reporting weak export data over the weekend.
The country’s exports fell by 8.3 per cent in July, far worse than expected and the producer price index was down 5.4 per cent from a year earlier, reports BBC.
However, the benchmark Shanghai Composite index rose 5 per cent to 3,932.50.
Investors were trading on the expectation of yet another round of stimulus policy.
In Hong Kong, the Hang Seng index failed to pick up on the mainland’s optimism and traded flat at 24,527.33 points
In Japan, the Nikkei index was higher, closing 0.4 per cent higher at 20,808.69.
In Australia, the S&P/ASX 200 index rose 0.6 per cent to 5,509.20.
However, shares in medical company Ansell fell by more than 15% after the company gave a downbeat outlook.
It said it was expecting strong headwinds from tough global economic conditions and the stronger US dollar.
In South Korea, the Kospi index closed down for a third consecutive session, finishing 0.4 per cent lower at 2,003.17.