China shares jump despite weak economic data
August 10, 2015, 2:30 pm

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% in July, far worse than expected and the producer price index was down 5.4% from a year earlierHowever, the benchmark Shanghai Composite ended up 4.9% at 3,928.42.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 closed down 0.1% at 24,521.12.In Japan, the Nikkei index was higher, closing 0.4% higher at 20,808.69.In Australia, the S&P/ASX 200 index rose 0.6% 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% lower at 2,003.17.

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