The Asian markets rallied on Monday, with major averages extending a global rally posting good gains, ahead of central banks in two of the world’s three biggest economies reviewing policy this week. The Bank of Japan, which adopted a negative interest rate in January, will conclude a policy review on Tuesday and a Federal Reserve meeting will be ending on Wednesday. Meanwhile, the Chinese market surged over two percent, posting their biggest gain in more than a week after chairman of the China Securities Regulatory Commission, said it was too early to think about the state rescue fund leaving the market and vowed to step in “decisively” if needed to curb panic. Other markets in the region too ended higher, with Japanese Nikkei and Hang Seng posting gains in excess of a percent.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 2,881.07 | 70.76 | 2.52 |
| Hang Seng | 20,459.26 | 259.66 | 1.29 |
| Jakarta Composite | 4,859.12 | 45.34 | 0.94 |
| KLSE Composite | 1,700.57 | 4.03 | 0.24 |
| Nikkei 225 | 17,224.58 | 285.71 | 1.69 |
| Straits Times | 2,852.16 | 23.30 | 0.82 |
| KOSPI Composite | 1,974.49 | 3.08 | 0.16 |
| Taiwan Weighted | 8,744.96 | 38.82 | 0.45 |