Asian shares rise on dovish Fed prospects but China caps gains

HONG KONG: Asian shares perked up and the dollar fell to two-week lows on Monday after U.S. Federal Reserve Chairman Jerome Powell struck a dovish tone at the central bank's long-awaited symposium, although investors remained cautious about prospects in China.

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.65% to a two-week high, and Japan's Nikkei rose 0.46%.