Core machinery orders dropped 4.6% in July from the previous month, amid heightened volatility because of the constant changes in the U.S. trade policy.
The People's Bank of China adjusted its daily fixing rate for the yuan, and the Hong Kong Monetary Authority cut its short-term lending rate by 25 basis points, following the U.S. Federal Reserve's rate decisions.
China indexes advanced and reached new multi-year highs as investors searched for bargains and corporations completed capital raising from international investors.
India's benchmark indexes advanced following a sharp decline in trade deficit and a record low jobless rate in August. Weak consumer demand dragged down passenger vehicle sales by 9% in August.
Japan's indexes traded at new highs after investors returned from a three-day weekend. The Bank of Japan is widely anticipated to hold rates steady after a policy meeting on Friday.
China investors held out for the market rally to continue amid steady inflows from institutional and retail investors. Hesai Group, the largest maker of lidar sensors, completed its secondary listing on the Hong Kong Stock Exchange.
The persistent weakness in residential real estate and jobs markets and receding export growth negatively impacted retail sales growth and fixed-asset investments.
The Hang Seng Index extended its weekly rise to above 4% and traded at a four-year high as investors sought higher returns from riskier assets. The mainland-focused CSI 300 index advanced as regulators looked for ways to prevent excessive speculation and sustain the recent rally.
Japan's indexes advanced to new highs, and the yen hovered near a five-month low. Sentiment among large manufacturers improved in the third quarter, as U.S. customers front-loaded ahead of higher tariffs.
China's benchmark indexes hovered near four-year highs as investors overlooked elevated U.S.-China trade tensions and weakening operating margins for the makers of solar panels, electric vehicles and batteries, and renewable energy products.
