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Market Update

Asian Stocks Outside Japan Gain

Asian markets opened higher Monday amid hopes the Chinese government would initiate more stimulus measures to boost economy. But Japanese stocks dragged on account of a stronger yen and as disappointing domestic GDP data hurt sentiment.

At close, the Shanghai Composite rallied 2.4% while the Hang Seng gained 2.1%. The S&P/ASX All Ordinaries added 1.1% while the Sensex gained 0.8%.