Asian equity benchmarks are trading up in the early deals on Monday, following the rally on Wall Street and as oil prices rebounded in Asian trades after falling on Friday. Nevertheless, investors braced for volatility amid lingering concerns about the outlook for interest rates. China and Hong Kong stocks rebounded after last week’s savage sell-off. The Japanese market is closed for a public holiday.
Hang Seng jumped 210 points or 0.71% to 29,717.42, Taiwan Weighted increased 73 points or 0.7% to 10,444.75, KOSPI Index spurt 27.9 points or 1.18% to 2,391.67, Shanghai Composite rose 25.17 points or 0.8% to 3,155.02, Jakarta Composite gained 17.72 points or 0.27% to 6,523.24, FTSE Bursa Malaysia KLCI added 12.55 points or 0.69% to 1,832.37, and Straits Times up by 13.87 points or 0.41% to 3,391.11.
