MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.45%.
· Japan's Topix ends at 31-year high as investors eye economic recovery
Japan’s Topix index rose on Monday to its highest level in more than three decades, while the Nikkei also jumped, as investors continued to buy undervalued stocks on hopes of a swift economic recovery and positive corporate outlook.
The Nikkei share average gained 1.83% to close at 29,659.89, while the broader Topix jumped 1.28% to 2,041.22, its highest close since August 1990.
Mainland Chinese stocks were higher by the afternoon as the Shanghai composite gained 1.02% and the Shenzhen component jumped 2.164%. Hong Kong’s Hang Seng index rose 0.51%.
Elsewhere, South Korea’s Kospi sat fractionally lower. In Australia, the S&P/ASX 200 shed 0.33%.
In Thailand, the SET Composite index was flat in Monday trade. That came after the country’s prime minister and several other cabinet ministers survived a vote of no confidence in parliament over the weekend, Reuters reported.
U.S. markets are closed on Monday for the Labor Day holiday.
The pan-European Stoxx 600 climbed 0.5% in early trade, with tech stocks adding 1.1% to lead gains as all sectors and major bourses entered positive territory.
Reference: CNBC, Reuters
Thai
Eng