Asian shares shrugged off early losses and edged higher on Monday, while pressure on the Australian dollar eased after Moody's played down political uncertainties that could threaten the country's credit ratings after weekend elections.
Activity across much of the region was subdued ahead of the U.S. Independence Day holiday, when financial and commodity markets will be closed.
Investors also continued to take stock of the potential financial market and economic fallout from the Brexit vote after days of volatile trade that followed in its wake.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.8 percent.
Japanese stocks gained on Monday, rising for a sixth day as global worries over Britain's vote to leave the European Union receded, but trading volume was extremely thin due to a U.S. holiday.
The Nikkei rose 0.6 percent to 15,775.80, posting six days of gains, the longest winning streak since November.
China stocks rallied on Monday as higher commodity prices and hopes that Beijing will roll out more stimulus measures boosted resources stocks, as investors built up their position amid ample liquidity in the market.
The blue-chip CSI300 index surged 1.6 percent to 3,204.70, in its biggest intraday percentage gain in more than a month. The Shanghai Composite Index rose 1.90 percent to 2,988.14 points, its highest close since May 5.
Hong Kong stocks climbed on Monday for a third straight session of gains, as higher commodity prices and hopes of more stimulus measures from Beijing boosted resources shares, and investors built up positions amid ample liquidity in the market.
The Hang Seng index rose 1.3 percent to 21,059.20, its highest close since June 8, while the China Enterprises Index gained 1.0 percent to 8,802.35, its highest close since June 10.
Reference: Reuters
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