Asia shares inch ahead, China money rates ease

Asian stocks inched cautiously higher on Monday encouraged by record highs on Wall Street, though anxiety over a credit squeeze in China has weighed on shares there while adding to pressure on emerging market currencies. There was some relief when China’s benchmark short-term money rate opened sharply lower at 5.57 percent, which was enough to help Shanghai edge up 0.15 percent (.SSEC).

    

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