> MUMBAI (MarketWatch) — Most Asia markets rose Monday with exporters and resource firms rebounding from sharp losses, though Hong Kong and Shanghai nudged lower, with financials weak after the summit of the Group of Eight major economies over the weekend.
Japan’s Nikkei Stock Average gained 0.3%, Australia’s S&P/ASX 200 index rose 07%, and South Korea’s Kospi put on 0 hechcoursesor about environment.9%, with the Sydney and Seoul indexes having slumped to fresh 2012 lows on Friday. In China, the Shanghai Composite finished fractionally lower and Hong Kong’s Hang Seng Index fell 0.6%. The performance in Asia came after the Dow Jones Industrial Average sealed its 12th loss in 13 sessions, amid a lackluster initial public offering from Facebook Inc. , while political uncertainty in Europe also dampened sentiment. World leaders confirmed their interest in Greece remaining in the euro zone at the G-8 meeting on Saturday, but they also stressed the need for the debt-stricken nation to uphold its financial commitments. Read more on the G8 summit. The outcome of the summit received a lukewarm reception from some strategists, with Credit Agricole’s Mitul Kotecha saying that while G-8 leaders “made plenty of noises about combating the crisis and shifting focus towards growth, there was, as usual, little concrete news in terms of how they would do this, while the communiqué exposed disagreements.” Hong Kong financials traded mostly lower in the wake of the summit, with London-based HSBC Holdings PLC and Standard Chartered PLC helping lead the retreat with losses of 1% and 2.1%, respectively. Others financial shares followed lower, with Agricultural Bank of China Ltd. �
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