Asian markets traded mostly higher in early deals on Monday driven by a recovery in artificial intelligence (AI) and semiconductor stocks on Wall Street, alongside regulatory interventions across Asia to stabilize equities. Additionally, easing Middle East tensions dragged Brent crude oil prices down to multi-month lows near $98 a barrel, providing major inflationary relief for energy-importing Asian economies. Japan’s Nikkei jumper higher snapping a four-session losing streak, with the technical buying and on gains with the weaker local currency yen. Stock market of Singapore and Malaysia is closed today for a holiday.
Nikkei soared by 1,565.23 points or 2.65% to 59,000.00, Hang Seng up by 12.14 points or 0.05% to 24,494.00, Taiwan Weighted surged by 2,213.82 points or 5.58% to 41,915.46, Jakarta Composite lifted by 41.32 points or 0.82% to 5,091.75, Shanghai Composite added by 15.35 points or 0.42% to 3,664.53, and KOSPI Index jumped by 3.25 points or 0.06% to 5,062.94.