Asian-Pacific stocks edge higher

Source: Marketwatch
© Scanpix/AFP
The Chinese equity market led Asian-Pacific gains on Monday, as the huge selloff, which wiped out $3.2 Trillion in value over three weeks, has stopped due to Beijing's intervention. The Shanghai Composite rose 2.4% to 3,970 points, the Nikkei 225 added 1.6% to 20,090 points, while the Hong Kong's Hang Seng rose 1.4% to 25,243 points. Meanwhile, the Australia's S&P/ASX 200 fell 0.3% to 5,473 points by 8:00 AM GMT.
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