Asian Shares Higher as Japan Says Economy Shrank in Third Quarter

People walk by an electronic stock board of a securities firm in Tokyo, Japan on Nov. 15, 2021. Koji Sasahara/AP Photo

Shares advanced in Asia on Monday as plans for stimulus in Japan overshadowed news that its economy contracted in the last quarter.

Investors are awaiting the outcome of a virtual meeting between President Joe Biden and Chinese President Xi Jinping.