Monday, 1 February 2016

Asia shares edge up

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Asian shares started a new month on somewhat firmer footing on Monday, helped by accommodative monetary policies in Japan and Europe, but traders were cautious ahead of China factory and service sector activity surveys. 

A rebound in oil prices last week also helped sentiment, though Brent crude fell about 1 percent in early Asia trade. 

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, after losing 8 percent in January. 

Shares in Australia rose 0.9 percent and South Korea 0.6 percent.

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