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| Asian shares head higher on US gains | Asian shares head higher on US gains |
| (about 1 hour later) | |
| Asian markets traded higher on Monday following new record highs on Wall Street on Friday, which boosted investor confidence. | Asian markets traded higher on Monday following new record highs on Wall Street on Friday, which boosted investor confidence. |
| The Dow Jones and S&P 500 both closed at new record highs after a broad rally on the strength of the US economy. | The Dow Jones and S&P 500 both closed at new record highs after a broad rally on the strength of the US economy. |
| That helped lead Japan's Nikkei higher by 0.4% to 17,890.08. | That helped lead Japan's Nikkei higher by 0.4% to 17,890.08. |
| The dollar was up to 120.42 yen, within sight of its seven-and-a-half year high of 121.86 set earlier this month. | The dollar was up to 120.42 yen, within sight of its seven-and-a-half year high of 121.86 set earlier this month. |
| Budget airline tumble | |
| In Malaysia, shares of Kuala Lumpur-listed AirAsia plunged as much as 13% after news its plane flying from Indonesia to Singapore had gone missing on Sunday. | |
| The Airbus A320-200 disappeared over the Java Sea en route to Singapore from Surabaya and authorities are still searching for the aircraft. | |
| Its shares have recovered some of the earlier losses to trade down 7.5%, according to Bloomberg. | |
| China shares rallied after state media reported that China's central bank had further eased monetary policy over the weekend. | |
| The benchmark Shanghai Composite jumped 1.7% to 3,212.56, while Hong Kong's Hang Seng index was up 1.9% to 23,349.34. | The benchmark Shanghai Composite jumped 1.7% to 3,212.56, while Hong Kong's Hang Seng index was up 1.9% to 23,349.34. |
| News from government agency State Information Centre that China's growth is expected to slow to 7% next year from a forecast 7.3% this year did little to dent investor sentiment. | News from government agency State Information Centre that China's growth is expected to slow to 7% next year from a forecast 7.3% this year did little to dent investor sentiment. |
| In Australia, shares headed higher in thin holiday trade with the S&P/ASX 200 up 1.1% to 5,456.9. | In Australia, shares headed higher in thin holiday trade with the S&P/ASX 200 up 1.1% to 5,456.9. |
| Iron ore miner Fortescue Metals jumped 3.9%, while BHP Billiton and Rio Tinto both gained almost 2% even though iron ore prices dropped to a five-year trough last week. | Iron ore miner Fortescue Metals jumped 3.9%, while BHP Billiton and Rio Tinto both gained almost 2% even though iron ore prices dropped to a five-year trough last week. |
| Bucking the regional trend, shares in South Korea headed lower. | Bucking the regional trend, shares in South Korea headed lower. |
| The benchmark Kospi index was down 0.5% at 1,937.65. | The benchmark Kospi index was down 0.5% at 1,937.65. |