Chinese stocks looked down amid policy uncertainty as policymakers gathered for the much-delayed Third Plenum in Beijing. The IMF revised China's annual economic growth outlook to 5% from the previous estimate of 4.6%. 

Market indexes in Tokyo trimmed morning gains amid interest rate uncertainties and yen turbulence as the Bank of Japan struggled to balance its bond purchase plan and hold the yen stable. 

Ping An Insurance Group plans to sell convertible debt and raise as much as $3.5 billion. Several large and medium-sized companies are looking to issue U.S. dollar-denominated bonds in the next three months in the hopes that U.S. interest rates have peaked.

Hindustan Unilever agreed to sell its water purification business to the Indian arm of A.O. Smith. Tata Steel said it plans to transition to an electric arc furnace despite resistance from the labor union. Angle One reported a surge in quarterly revenue and earnings. 

Financial markets are expected to face selling pressure on Tuesday after investors return from a 3-day holiday. The yen is likely to rebound as the suspected government intervention pushes the yen closer to the 155 mark against the U.S. dollar.

China's economic growth slowed in the second quarter due to consumer demand weakness compounded by the persistent decline in property prices and ongoing job market deterioration. 

The Nikkei 225 average and the Topix index trimmed their weekly gains to less than 1% after the yen rebounded on the suspected market intervention. The easing of U.S. inflation also contributed to speculation that the Fed is more likely to cut interest rates in September, shrinking the rate gap with Japan.



China's trade surplus in June expanded after exports rose and imports declined amid strong demand in the U.S. and the ASEAN region. Hong Kong property developers soared in the hopes that interest rates may be trimmed following the probable U.S. rate cut in September.

Japan's major averages closed at new record highs, driven by optimism surrounding artificial intelligence-linked stocks and the weakness in the yen. Core machinery orders declined from the previous month but rose from a year earlier in May.

The Chinese securities regulator lifted margin requirements for short sellers in the hopes of arresting the persistent market decline and reviving investor sentiment. 

Japan indexes traded at new record highs, and producer price inflation was positive for the 41st month in a row. The yen drifted to a new 38-year low as the Bank of Japan remained divided about the future rate path and appropriate level of the yen.

China's latest inflation data highlighted ongoing consumer demand weakness, overcapacity in key industries, and a rapidly weakening job market.

Angle One's cyber security breach may have involved more than what the company disclosed in a filing with exchanges a year ago. Shilpa Medicare's pharmaceutical manufacturing facility in Raichur, Karnataka, won approval from Brazil's drug regulator. 

Strength in tech stocks and exporters pushed benchmark indexes to new highs in Japan ahead of machine order data later in the week.



Consumer price inflation in China is expected to be positive, but producer price deflation is likely to persist in the 21st consecutive month of June.