"Asian stocks were generally higher on Monday, benefiting from expectations for a less aggressive US Federal Reserve and supportive remarks from policy-makers in China and Japan.
Shanghai's main equity benchmark rose 1.62% to the 2,229.24-point level after the government called for carrying out its economic plan in an "unrelenting" fashion. Beijing will seek to increase support for small businesses and look for new engines to drive consumption, the State Council announced on Sunday.
Tokyo's Nikkei-225 ended the trading session 0.91% higher at 14,693.57 points. In its latest quarterly assessment of the economy the Bank of Japan (BOJ) upgraded its assessment of economic conditions in all of the country' nine regions - activity was described as "recovering" in eight of Japan's regions - referencing the improvements seen in employment, income and industrial production.
In parallel, the central bank's Governor, Haaruhiko Kuroda, stated that he still aims to achieve the monetary authority's 2% inflation target within two years.
US dollar/yen gained by 0.34% to 98.08 yen on the back of those remarks from Kuroda.
Japan's exports grew at an 11.5% clip year-on-year in September, coming in below the 15.6% median estimate in a Bloomberg survey. Imports expanded at a 16.5% pace (consensus: 19.9%).
The seasonally-adjusted trade deficit of 1,091.3bn Yen was smaller than forecast, but still the largest since statistics became available in October 2003, Nomura pointed out.
China Mobile, the world's largest phone company when measured by the number of users, on Monday unveiled an 9% drop in net income, to well below the analyst consensus, as it invests in rolling out a 4G network in a bid to forestall losing further market share.
Huishang Bank, a lender based in eastern China, is preparing a $1.5bn initial public offering in Hong Kong.
Suzuki Motor climbed by 2.4% after the Nikkei newspaper reported the vehicle manufacturer may report interim operating profits of 90bn Yen.
The Thai SET index was easily the worst performer in the region, dropping by 2.44% to 1,448.54 points".
Shanghai's main equity benchmark rose 1.62% to the 2,229.24-point level after the government called for carrying out its economic plan in an "unrelenting" fashion. Beijing will seek to increase support for small businesses and look for new engines to drive consumption, the State Council announced on Sunday.
Tokyo's Nikkei-225 ended the trading session 0.91% higher at 14,693.57 points. In its latest quarterly assessment of the economy the Bank of Japan (BOJ) upgraded its assessment of economic conditions in all of the country' nine regions - activity was described as "recovering" in eight of Japan's regions - referencing the improvements seen in employment, income and industrial production.
In parallel, the central bank's Governor, Haaruhiko Kuroda, stated that he still aims to achieve the monetary authority's 2% inflation target within two years.
US dollar/yen gained by 0.34% to 98.08 yen on the back of those remarks from Kuroda.
Japan's exports grew at an 11.5% clip year-on-year in September, coming in below the 15.6% median estimate in a Bloomberg survey. Imports expanded at a 16.5% pace (consensus: 19.9%).
The seasonally-adjusted trade deficit of 1,091.3bn Yen was smaller than forecast, but still the largest since statistics became available in October 2003, Nomura pointed out.
China Mobile, the world's largest phone company when measured by the number of users, on Monday unveiled an 9% drop in net income, to well below the analyst consensus, as it invests in rolling out a 4G network in a bid to forestall losing further market share.
Huishang Bank, a lender based in eastern China, is preparing a $1.5bn initial public offering in Hong Kong.
Suzuki Motor climbed by 2.4% after the Nikkei newspaper reported the vehicle manufacturer may report interim operating profits of 90bn Yen.
The Thai SET index was easily the worst performer in the region, dropping by 2.44% to 1,448.54 points".
