GLOBAL MARKETS-Asia shares hauled higher as China trims key repo rate

Asian shares ticked higher on Monday after Beijing surprised markets by trimming a key interest rate for the first time since 2015, stirring speculation that further stimulus was on the way for the world's second-largest economy. China's central bank cut rates on seven-day reverse repurchase agreements by five basis points to 2.50%, a move that nudged the yuan higher while lowering bond yields. Beijing's latest policy shift added to hopes it might also be more serious about making progress in trade talks with the United States.

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