Asian markets settled mostly higher on Monday on the news that the US government has come to an agreement to raise the federal government's $31.4 trillion debt ceiling. Market sentiments improved further by tracking Wall Street’s gains last Friday, despite growing expectations of further interest rate hikes by the US Federal Reserve. Chinese shares gained, despite uneven recovery in the world’s second largest economy with data showed profits at industrial profits in China fell 20.6% in the January-to-April period from the same period the previous year. Moreover, Japanese shares rallied as a weaker yen lifted exporters. Meanwhile, South Korean market was closed for Vesak Day holiday.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,221.45 | 8.95 | 0.28 |
| Hang Seng | 18,551.11 | -195.81 | -1.06 |
| Jakarta Composite | 6,681.10 | -5.90 | -0.09 |
| KLSE Composite | 1,404.93 | 1.95 | 0.14 |
| Nikkei 225 | 31,233.54 | 317.23 | 1.02 |
| Straits Times | 3,195.22 | -12.17 | -0.38 |
| KOSPI Composite | -- | -- | -- |
| Taiwan Weighted | 16,636.30 | 131.25 | 0.79 |
