Asian equities were neutral as China reduced its key rate and the Japan GDP increased.

Hong Kong, Shanghai, and Bangkok declined while Tokyo and Sydney gained ground. On Monday, U.S. futures slightly increased despite falling oil prices.

In the meantime, Japan's GDP grew at a 2.2% annual rate from April to June.

The Nikkei 225 index in Tokyo increased 1% to 28,830.90, while the S&P/ASX 200 index in Sydney increased 0.4% to 7,061.81.

Due to a holiday, South Korean markets were closed. The SET index in Bangkok fell 0.1%.

The Thai government reported the economy expanded at a 0.7% quarterly pace in April-June, slowing from 1.1% growth in the first quarter of the year.

Capital Economics' Gareth Leather stated in a commentary.

The benchmark index increased 1.7% to settle at 4,280.15, up 3.3% on the week.

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