Asian stock markets rose slightly on Monday, with cautious sentiment and investors looking to major economies around the world to launch stimulus measures to support economic growth.
The MSCI Mingsheng Asia-Pacific (excluding Japan) index rose 0.1%.
The Shanghai Composite Index. SSEC rose 0.4%.
Australian stock market rose 0.1%, Korean Composite Stock Index (KOSPI). KS11 rose 0.7%, Nikkei Index. N225 rose 0.4%.
The Dow Jones industrial average. DJI rose 0.25% on Friday and the S&P 500 index. SPX rose 0.1%.
Global stock markets were boosted after the Central Bank of China announced a comprehensive and targeted reduction on Friday, releasing about 900 billion yuan of long-term capital.
Data released on Sunday showed that China's exports fell unexpectedly in August as exports to the United States fell sharply, highlighting the need for greater stimulus measures.
Federal Reserve Chairman Powell said in Zurich on Friday that the Federal Reserve will continue to take "appropriate action" to sustain economic expansion that has lasted for 11 years. This statement also strengthens risk preference.
With poor economic data, the overall stock market rally has been restrained -- employment growth in the United States slowed more than expected in August -- although this is seen as a positive factor in the stock market.
"Stock markets usually react negatively to weak data. But the U.S. employment report shows that the market is looking to stimulus measures, and the Fed is expected to respond to economic weakness by cutting interest rates, "said Masahiro Ichikawa, senior strategist in Sumitomo Mitsui's asset management.
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