Asian shares near nine-month peak

Asian shares held near nine-month highs on Monday (July 25) as worries over the impact of Britain’s Brexit vote eased, while the dollar was buoyed by a run of solid U.S. economic data.

Policymakers from the Group of 20 countries agreed at the weekend to work to support global growth and better share the benefits of trade, in a weekend meeting dominated by the impact of Britain’s exit from Europe and fears of rising protectionism.

Japan’s Nikkei rose 0.4 percent. The Bank of Japan is widely expected to ease policy further at a policy review ending on Friday (July 29) while Japanese Prime Minister Shinzo Abe has ordered fiscal stimulus.

Shares of Nintendo Co tumbled as much as 18 percent early on Monday after the company said smash-hit mobile game Pokemon GO would have only a limited impact on its earnings.

In Hong Kong markets increased upon opening, with the benchmark Hang Seng Index going up 0.17% to 22,002.89.

South Korean shares opened higher with the Korea Composite Stock Price Index (KOSPI) up 0.48 percent at 2,019.92 points as of 0013 GMT.

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