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Asian stocks edge higher on growing hopes of China stimulus

From reuters.com

Asian stocks were up slightly in a cautious start to the week on Monday, with investors holding out hopes that China would take steps to stimulate the economy. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS tacked on 0.1 percent after rising to a 3-week high on Friday on the back of heightened speculation Beijing will launch new spending measures and reduced tensions in Ukraine. Australian shares .AXJO gained 0.5 percent, while Tokyo's Nikkei stock average .N225 rose 0.9 percent. China's Premier Li Keqiang on Friday sought to reassure jittery global investors that Beijing was ready to ... (full story)

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