Asian markets end higher on Monday

Asian markets ended higher on Monday after the latest US jobs report showed the world's largest economy had added 287,000 jobs in June, far more than expected and the most since October. This was in contrast to May's dismal payroll gain of 11,000. While strong June jobs report put to rest lingering worries about the labor market and the broader economy, investors veered around to the view that the Federal Reserve will not hike interest rates in the near term, given the uncertain consequences of Brexit and the November presidential election. Investor sentiment was also bolstered by election results in Australia and Japan, a weaker yen and hopes of further policy easing in China. Japanese shares led regional gains as Prime Minister Shinzo Abe's ruling coalition won a landslide victory in an election for Parliament's Upper House, and the yen fell sharply against the dollar and euro on hopes for stimulus and economic revival. Investors shrugged off a report from the Cabinet Office, which showed that Japan's core machinery orders unexpectedly fell for a second straight month in May. Chinese shares rose as tepid inflation data boosted stimulus hopes. China's June consumer inflation grew at its slowest pace since January and the producer price index extended its decline, pointing to continued weak domestic demand.