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Market Update

Asian Stocks Climb; Nikkei Slips

Asian markets opened higher Monday amid hopes the Chinese government would initiate more stimulus measures to boost economy. But Japanese stocks dragged on account of a stronger yen and as disappointing domestic GDP data hurt sentiment.

At the time of writing, the Shanghai Composite was up 1.3% while the Hang Seng was up 1.6%. The S&P/ASX All Ordinaries added 0.7% while the Sensex gained 0.6% in opening trades.