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Asian Stocks Edge Higher On Growing Hopes Of China Stimulus

wochit business
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March 31, 2014 AT 3:58 AM
Asian stocks were up slightly in a cautious start to the week on Monday, with investors holding out hopes that China would take steps to stimulate the economy. MSCI's broadest index of Asia-Pacific shares outside Japan tacked on 0.1 percent after rising to a 3-week high on Friday on the back of heightened speculation Beijing will launch new spending measures and reduced tensions in Ukraine. China's Premier Li Keqiang on Friday sought to reassure jittery global investors that Beijing was ready to support the cooling economy, saying the government had the necessary policies in place and would push ahead with infrastructure investment.