Most of the Asian equity benchmarks are trading up in the early deals on Monday, as the modest gains on Wall Street helped offset the impact of lower commodity prices and weak Japanese industrial output data. Further, the Japanese market bounced back into positive territory, after opening lower on the back of weak Japanese manufacturing data and a stronger yen. Among the other markets in Asia, Shanghai and Hong Kong are up 1 percent each, while South Korea, Singapore, Indonesia, Malaysia and Taiwan are higher with modest gains.
Nikkei 225 surge 103.80 points or 0.54% to 19,389.43, Taiwan Weighted added by 36.90 points or 0.39% to 9,540.62, FTSE Bursa Malaysia KLCI strengthen 9.43 points or 0.52% to 1,822.80, KOSPI Index rose 8.20 points or 0.41% to 2,028.00, Jakarta Composite jumped 45.76 points or 0.85% to 5,442.61, Straits Times increased 1.69 points or 0.05% to 3,451.79,Hang Seng spurt 367.17 points or 1.50% to 24,853.37, and Shanghai Composite was up by 59.83 points or 1.62 % to 3,750.92.