Asian equity benchmarks are trading up in the early deals on Monday as they continued to recover from the sell-off following Brexit. In addition, higher commodity prices lifted resources stocks. Crude oil rose in Asian trades, extending gains from Friday. Meanwhile, Japanese stocks rose, led by telecommunications and food companies, as the yen weakened amid growing speculation the impact from the Brexit vote will be muted as central banks step in to bolster markets. The markets in Indonesia are shut for a holiday.
Nikkei 225 added 87.41 points or 0.56% to 15,769.89, Hang Seng rose 304.43 points or 1.46% to 21,098.80, KOSPI Index jumped 6.33 points or 0.32% to 1,993.65, Taiwan Weighted spurt 13.53 points or 0.15% to 8,751.77, Shanghai Composite increased 52.00 points or 1.77% to 2,984.47, FTSE Bursa Malaysia KLCI gained 7.95 points or 0.48% to 1,654.17, and Straits Times was up by 18.65 points or 0.66% to 2,865.02.