Equity markets in Asia enjoyed a good start into the new week with the Nikkei 225 gaining more than 2% and Hong Kong’s Hang Seng Index adding about 1.2%, rebounding from losses witnessed last week. Japanese stocks advanced on news that the country’s pension fund removed caps on equity ownership. In China, subdued inflation (see page 2) could give policy makers more scope to loosen monetary policies.
Auto sales in China, the world’s biggest car market, accelerated in July, growing nearly 10% to 1.36m vehicles. For the first seven months of 2014, auto sales reached 13.30m, the China Association of Automobile Manufacturers said, up 11% on the same period last year.
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