Asian stock markets rose on Monday as a weaker yen fueled profits in Japanese exporters after G20 finance ministers in Moscow opted not to criticize Japan’s economic policies, while banks led the gains in Australia, continuing the market’s bull run for a fifth consecutive week.
The run-up in Australia’s S&P ASX 200 has resulted in a 16 percent gain over the past three months, coming in second behind the Nikkei’s 26 percent rise.
Chinese financial markets resume trade on Monday after a week-long closure for the Lunar New Year holidays and retailers are expected to be in focus after the holiday shopping bonanza.
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