Asian stocks rose after strong data from China and easier Syria
tensions. Japan's Nikkei hit a one-month high, while Shanghai and
Korea rose to a three-month high.
Chinese industrial output rose 10.4% from a year ago, topping
Reuters forecasts for a 9.9% rise. Retail sales climbed an annual
13.4% and fixed asset investment grew 20.3% year-on-year from
January to August, both slightly above estimates.
Meanwhile, Russia asked Syria to put its chemical weapons under
international control to avoid a military strike.
In the US, investors also saw signs that the Fed may not yet
start to taper its bond buying program. San Francisco Federal
Reserve Bank President John Williams said on Monday he hasn't made
up his mind yet over whether to support a reduction in the Fed bond
In ADR news, JA Solar Holdings Co. (
) said it will supply 96 MW of solar modules to CPI Huanghe
Hydropower Development, a unit of China Power Investment
Corporation, for use on two solar projects in China's Qinghai
Province. Delivery of the modules has already commenced and will be
completed later this month. The projects are expected to commence
commercial operations by October this year.
The Nikkei ended up 1.54% at 14,423.36, the Hang Seng up 0.99%
at 22,976.65 and the Straits Times up 1.16% at 3,123.89.
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