Asian markets settled mostly higher on Monday as traders await Tuesday’s release of the US third-quarter Gross Domestic Product that will offer insight into economic health and the timing of the Federal Reserve’s next rate moves. Japan’s Nikkei climbed and surpassed the 50,000-point mark, while the yen hovered near an 11-month trough against the US dollar in the wake of the Bank of Japan's decision to raise rates by a quarter of a point to a three-decade high of 0.75%. The market rally was also driven by Wall Street’s strong finish last Friday due to robust technology earnings and easing concerns of a tech bubble. Chinese and Hong Kong shares gained, supported by surges in Hainan shares after China last week started operation of the Hainan Free Trade Port in a landmark move signalling China’s commitment to opening-up. Sentiments improved further after data showed ?China's private fund sector expanded to a record 22.1 trillion yuan ?in November, aided by strong flows into equities.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,917.36 | 26.92 | 0.69 |
| Hang Seng | 25,801.77 | 111.24 | 0.43 |
| Jakarta Composite | 8,645.84 | 36.29 | 0.42 |
| KLSE Composite | 1,671.29 | 5.39 | 0.32 |
| Nikkei 225 | 50,402.39 | 895.18 | 1.81 |
| Straits Times | 4,610.29 | 40.51 | 0.89 |
| KOSPI Composite | 4,105.93 | 85.38 | 2.12 |
| Taiwan Weighted | 28,149.64 | 453.29 | 1.64 |
