Most Japanese stocks rose, tracking gains in U.S. equities, as shipping lines and insurers advanced.
The Topix traded little changed at 1,672.76 at 9:08 a.m. in Tokyo, with about nine shares climbing for every seven that fell. The Nikkei 225 Stock Average increased less than 0.1 percent to 20,626.57. The Standard & Poor’s 500 Index added 0.5 percent in New York on Monday, reversing losses as data showed confidence among homebuilders climbed to the highest level in almost a decade.
Investors are refocusing attention on the strength of the U.S. economy and its implications for Federal Reserve interest-rate policy. The central bank releases minutes from its July meeting on Wednesday. Traders see a 46 percent chance of a September rate increase, according to futures trading data compiled by Bloomberg.
China may cut its reserve-requirement ratio, the China Securities Journal said in a front-page article, citing unidentified analysts.
Source: Bloomberg
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