Asian stocks rose on Monday as the dollar clawed back losses. Markets also digested headlines concerning developments out of the People’s Bank of China and European Central Bank announced at the weekend.
The Nikkei 225 rallied 1.25 percent and South Korea’s benchmark Kospi index tacked on 0.99 percent as geopolitical tensions eased on the Korean peninsula over the weekend.
Also in South Korea, retailer Lotte Shopping could potentially sell its supermarket outlets in China depending on the state of bilateral relations between the two countries, Reuters said on Monday. Shares of Lotte Shopping were 0.44 percent higher.
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