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"China's growth recovery and north Asia's earnings rebound in 2024 remain our key investment themes and overweight areas," Goldman Sachs' strategists, led by Timothy Moe, wrote in a Saturday note.

Asia-Pacific markets mostly rose Monday, as investors assessed China's weekend press briefing and awaited a slew of economic data this week from the region.

Mainland China's CSI 300 rose 1.9% to close at 3,691.3, following a choppy trading session. Hong Kong's Hang Seng index slipped 0.9% as of its final hour of trade.

Both indexes swung between gains and losses in the intraday trading, underscoring investors' mixed reaction to China's stimulus promises.

The Hang Seng Mainland Properties Index gained 2.5%, while the Hang Seng Tech index dropped 1.7%.

China's Minister of Finance Lan Fo'an in a highly anticipated press briefing on Saturday hinted at more debt issuance amid efforts to shore up the economy, stating the government had a "rather large" space to increase deficit.

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