Japanese stocks on Monday snapped a five-day losing streak and closed higher on a weaker currency.
The Hang Seng Index in
Tech and auto makers traded mostly firmer, with IT service provider NEC Corp. jumping 3.4%, telecoms giant SoftBank Corp. and optics maker Olympus both climbing 2.3%, and Honda Motor Co. and Nissan Motor Co. rising 1.2% and 1.1%, respectively.
China Mobile, the largest carrier in the country, would hold a 40% stake in the new venture, while smaller rivals China Unicom and China Telecom would control 30.1% and 29.9% of the shares separately.
Shares of China Unicom (Hong Kong) spiked 4.7%, China Telecom Corp. jumped 3.9%, and China Mobile snagged a 2% gain.
In other markets;
The Shanghai CSI 300 index improved 23.75 points, or 1.1%, to 2,171.76
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