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Asia markets gains as tech shares bounce back; U.S. shutdown hopes lift sentiment Comments Asia stocks trade higher on Monday, benefiting significantly from a rebound in key technology shares. Sentiment improved after China’s October consumer prices unexpectedly rose 0.2% y/y, the first gain since June, fueled by holiday spending and expanded trade-in programs. The Quick Insights Asian stocks are generally trading higher, benefiting from Chinese inflation data showing the first rise since June, though mainland Chinese stocks dipped on weaker hopes for near-term policy support. The yen is depreciating due to expectations for fiscal stimulus and continued accommodative monetary policy, supporting Japanese stock market gains. The Reserve Bank of Australia's commitment to tight policy is supporting equity gains and a stronger Australian dollar amid inflation concerns. Recommended For You More Trending News
