Asia-Pacific stocks rise as China, Hong Kong markets remain closed for the Lunar New Year holiday

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Government data released Monday showed Japan's economy growing 12.7% on an annualized basis in October to December last year.

The preliminary reading for fourth-quarter gross domestic product was higher than economists' median estimate of a 9.5% gain, according to Reuters.SINGAPORE — Stocks in Asia-Pacific rose in Monday morning trade, with multiple markets in North Asia closed for Lunar New Year holidays.rose 1.09% in early trade while the Topix index gained 0.82%.

Government data released Monday showed Japan's economy growing 12.7% on an annualized basis between October and December last year. The preliminary reading for fourth-quarter gross domestic product was higher than economists' median estimate of a 9.5% gain, according to Reuters.MSCI's broadest index of Asia-Pacific shares traded 0.37% higher.Oil prices jump

 

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