Asia

SYDNEY - Asian shares notched a 29-month high on Monday as investors wagered monetary and fiscal policies globally would stay super stimulatory, while an upbeat reading on China’s service sector augured well for continued recovery there.

The United States has long opposed China’s expansive territorial claims in the South China Sea and has sent warships regularly through the strategic waterway.

Investors will monitor income and spending numbers and a consumer sentiment report

The decline in monthly sales has slowed significantly since a 50% drop posted in April,and compared with a 21.3% fall in June

Military tensions are growing between the U.S. and China, with each country accusing the other of deliberately provocative behavior.

Discount retailers and PC makers will report earnings

Numerous Chinese and U.S. military exercises, Taiwan missiles tracking Chinese fighters and plummeting China-U.S. ties make for a heady cocktail of tension that is raising fears of conflict touched off by a crisis over Taiwan.

Investors will watch for the latest report on durable goods.

Singapore is now home to the world's first and only floating Apple retail store. 

Takeda Pharmaceutical Co. is selling its subsidiary in Japan focused on consumer healthcare to U.S. investment fund Blackstone Group.