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Asian stocks kicked off the week at new highs, as an interest rate cut in China on Saturday offset a weaker finish on Wall Street last week and data indicating shaky growth in the world’s top two economies.
Nikkei rises 0.2 percent
Japan’s Nikkei 225 index trimmed gains, but hovered near fresh 15-year highs, as the dollar-yen touched a two-and-a-half-week high of 119.9.
Chinese shares rebounded back to a four-week high, after wavering between gains and losses following the release of PMI data.
South Korea’s Kospi index hovered near a five-month high, led higher by index heavyweights.
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