Hong Kong’s Hang Seng index jumped nearly 3% in its final hour of trade, after China vowed “more proactive” fiscal measures and “moderately” looser monetary policy next year to boost domestic consumption.
In Japan, the Nikkei 225 index recovered 69.33 points, or 0.2%, to 39,160.50.
The country’s third-quarter gross domestic product was revised to 0.3% on a quarter-on-quarter basis, up from 0.2% and above estimates from a Reuters poll that predicted no change.
In Hong Kong, the Hang Seng popped 548.24 points, or 2.8%, to 20,414,09.
Elsewhere in the Asia-Pacific, markets were mixed as traders assessed revised economic growth data from Japan and South Korea’s political situation.
South Korea’s Kospi stock index fell after President Yoon Suk Yeol survived an impeachment vote over the weekend as the fallout from his brief declaration of martial law continues to roil the country.
While Yoon’s People Power Party boycotted the Saturday impeachment vote brought by opposition parties, its leader has said that Yoon would step down.
Meanwhile, prosecutors in the country have named President Yoon as a subject in a criminal investigation for potential charges of treason and abuse of power, according to local media reports.
CHINA
In Shanghai, the CSI 300 retreated 6.57 points, or 0.2%, to 3,966.57.
Prior to the news, mainland China’s CSI 300 index fell 0.17% to close at 3,966.57 after China’s consumer price growth came in below expectations in November.
CPI rose 0.2% year on year, down from a 0.3% increase in October, according to the National Bureau of Statistics on Monday. Economists from Reuters forecast price growth of 0.5%.
In other markets
In Taiwan, the Taiex added 79.88 points, or 0.3%, to 23,273.25
In Korea, the Kospi index slid 67.58 points, or 2.8%, to 2,360.58
In Singapore, the Straits Times Index backpedaled 1.24 points at 3,794.92.
In New Zealand, the NZX 50 deleted 7.79 points, or 0.1%, to 12,801.80.
In Australia, the ASX 200 nicked ahead 2.14 points to 8,422.99.
