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Asian shares up despite China data

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Asian markets climbed Monday as investors brushed off fresh evidence indicating that China's manufacturing sector is shrinking, while some analysts said it could prompt lawmakers to loosen monetary policy. 

Japanese shares enjoyed a healthy rebound following a heavy sell-off on Thursday, buoyed by the yen's losses against the dollar, although investors remain on edge over the Crimea crisis.

Tokyo gained 1.77%, or 251.07 points, to end at 14,475.30, Sydney rose 0.17%, or 8.8 points, to 5,346.9 and Seoul closed 0.55% higher, adding 10.61 points to 1,945.55.

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