Asian shares were higher across the board early Monday, shrugging off a negative lead from Wall Street, but lower oil prices capped advances.
Japan’s Nikkei 225 index scaled a new 15-year high of 19,349, but pulled back slightly by mid-morning. Industrial robot maker Fanuc extended last week’s rally with a rise of 0.4 percent, while other index heavyweights such as Fast Retailing bounced up 1 percent.
China’s Shanghai Composite notched up in early trade as markets digested comments by Premier Li Keqiang over the weekend. At the conclusion of the annual parliamentary session, the Chinese Premier sounded a warning on the economy and said that achieving the year’s 7 percent growth target could be challenging.
South Korea’s Kospi index remained little moved, while the won stayed near a 20-month low of 1,134 against the greenback.
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