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Asia-Pacific markets climb after China outlines plan to boost consumption
Monday, 17 March 2025 07:32 WIB | HOME |Bursa Asia

Asia-Pacific markets climbed on Monday, with investors keeping a close watch on Chinese equities.

The Chinese government on Sunday announced that it would take steps to revive consumption by boosting people's incomes, state media Xinhua News Agency reported, citing a statement from the State Council.

Other measures included plans to stabilize the stock and real estate market and raising the country's birth rate, the report added.

Investors will be parsing through a swathe of data points from China on Monday, including industrial production, urban investment, retail sales and urban unemployment rate.

A Reuters poll forecasts a 3.6% year-on-year growth in the country's urban investment rate in February, up from 3.2% in the month before. A separate poll predicts a 4% expansion in retail sales in February, from 3.7% in January.

In Japan, the benchmark Nikkei 225 started the day 0.99% higher, while the broader Topix index rose 1.10%.

South Korea's Kospi index advanced 1.23% at the open, while the small-cap Kosdaq added 0.32%.

Australia's S&P/ASX 200 was last seen trading up 0.62%.

Futures for Hong Kong's Hang Seng index stood at 24,217 pointing to a stronger open compared to the HSI's close of 23,959.98

Source: CNBC

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