Asian shares enjoyed a relief rally on Monday as upbeat U.S. jobs data soothed immediate concerns about the health of the world's largest economy, while the prospect of more policy stimulus helped keep sovereign yields near record lows.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS jumped 1.9 percent to a one-month top.
Japan's Nikkei share average jumped 4 percent on Monday after U.S. stocks rose and the country's ruling coalition won a landslide victory in upper house elections, boosting confidence in the market.
The Nikkei ended at 15,708.82 points, a one-week closing high, after earlier touching its highest intraday levels since June 24.
China stocks closed up on Monday, shedding some early gains but still finishing in the black.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.3 percent, to 3,203.33, while the Shanghai Composite Index gained 0.2 percent, to 2,994.92 points.
Stocks were boosted in the morning session by muted inflation data released over the weekend, which analysts said boosts expectations the government will announce further stimulus in the second half of 2016.
Hong Kong shares finished higher on Monday after a strong U.S. labour report buoyed global stocks and muted China inflation data boosted expectations for further economic stimulus in the mainland.
The Hang Seng index rose 1.5 percent, to 20,880.50, while the China Enterprises Index gained 2.0 percent, to 8,703.00 points.
Reference: Reuters
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