Asian shares held near nine-month highs on Monday as assurance from policymakers on the need to boost growth quelled worries over the impact of Britain's Brexit vote while the dollar, buoyed by solid U.S. economic data, stayed firm.
Policymakers from the Group of 20 countries agreed at the weekend to work to support global growth and better share the benefits of trade, in a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.2 percent, sitting just 0.3 percent below a nine-month peak hit on Thursday.
"Markets are calming down after the initial shock from Brexit," said Masayuki Kichikawa, chief strategist at Sumitomo Mitsui Asset Management.
Japan's Nikkei share average pared early gains and ended flat on Monday as investors took profits after a Wall Street-inspired rise.
Hopes that the Bank of Japan will unveil more stimulus later this week also provided support to equities early in the session.
The Nikkei stock index ended down 0.04 percent at 16,620.29, moving away from seven-week intraday highs touched on Thursday last week. It had ended the morning session up 0.4 percent.
Reference: Reuters
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