Most Asian markets traded sideways Monday in the absence of significant market moving data.
Investors in Asia continued to monitor signals from US policy makers with regard to their plans to wind down QE3. China’s Shanghai SE Comp Index (+1.90%) rallied following comments from the Bureau of Statistics spokesman who stated that the country will achieve its growth target of 7.5% this year.
Gains in China were further boosted by better-than-expected results from some Chinese firms. The MSCI All Country Asia Pacific Index increased 0.22 points, or 0.17%, to 131.61.