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Asian markets turned higher early Monday, with Japanese shares charging up to an 8-year high, shrugging off weaker-than-expected growth figures released before the market opened.
China’s Shanghai Composite opened up modestly to hover near a one-week high, on course for a six-day winning streak. In Hong Kong, the Hang Seng index gained 0.3 percent.
South Korean shares hit a one-and-a-half-week high as index heavyweights tacked on robust gains. Steelmaker Posco raked in 1.3 percent, while the top two heaviest weighted stocks Samsung Electronics and Hyundai Motor climbed 0.8 and 0.6 percent each.
Meanwhile, Taiwan and Thailand are also on fourth-quarter GDP-watch. In India, the wholesale price index (WPI) for January is expected to rise 0.4 percent year-on-year, a Reuters poll showed, a tick higher than the 0.1 percent in the preceding month.
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