Asian stocks rise as markets eye China's economic stimulus plans

Asian stock markets showed mixed but generally positive performance on Monday, as investors closely monitored China's latest economic data, potential stimulus measures, and upcoming interest rate decisions.

On the Chinese mainland, the Shanghai Composite Index edged up by 0.2 percent, while the Shenzhen Component Index dipped slightly by 0.18 percent.

In Hong Kong, the benchmark Hang Seng Index rose by 0.8 percent.

In Japan, Tokyo stocks continued their upward trend, driven by strong buying momentum following last week's rally in U.S. markets.

Semiconductor-related stocks led the rebound, with the Nikkei Stock Average climbing by 0.93 percent from the previous trading day.

South Korea's KOSPI Index also posted significant gains, rising by 1.73 percent.

Asian stocks rise as markets eye China's economic stimulus plans

Asian stocks rise as markets eye China's economic stimulus plans

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 7.0108 against USD Monday