Asian stock markets were mostly higher Monday, shrugging off jitters about stiffer Western sanctions against Russia, after China reported strong corporate profits.KEEPING SCORE: China’s benchmark Shanghai Composite Index surged 1.7 percent to 2,161.20. Tokyo’s Nikkei 225 added 0.5 percent to 15,540.47 and Hong Kong was up 0.6 percent at 24,359.59. South Korea’s Kospi gained 0.4 percent to 2,042.10. Sydney’s S&P/ASX 200 bucked the regional trend, shedding 0.2 percent to 5,574.20.CHINESE PROFITS: Profits at China’s industrial enterprises soared 17.9 percent in June over a year earlier, the government reported. For the first half of the year, profits were up 11.4 percent, …read more
Source: The Jakarta Post
