Asian stocks near one and a half year lows on China data; dollar steady

China's stock markets bucked broad cautiousness in Asian equities with major indices up between 2 and 4 percent on investor expectations of yet another round of policy stimulus. News of another monthly decline in Chinese exports - its biggest fall in four months - and a collapse in producer prices shows how China's faltering industrial demand has hit global trade and sent emerging market assets reeling. MSCI's broadest index of Asia-Pacific shares outside Japan edged higher on the