Asian Stocks Continue Rally

Asian stock markets ended higher Monday fueled by last weeks gains on Wall Street as traders looked ahead to data releases from China, Japan and the Eurozone.

Japanese markets were closed for a holiday while the Hong Kong Hang Seng shed 0.1 percent to 30,790.06, supported by a jump in Chinese property developers.

China's main share indexes rose on Monday, climbing for a seventh straight session and boosted by robust gains for real estate firms as major developers reported stellar 2017 sales. The indexes closed at their highest in six weeks.

At the close, the Shanghai Composite index was up 18.25 points or 0.54 per cent at 3,410.00.


Taiwan's Taiex rose 0.3% to close at an almost 28-year high.

South Korea was among best performing markets on Monday, with the Kospi closing 0.6% higher.

Australia's S&P/ASX 200 hit a new 10-year high Monday. The benchmark advanced 0.1%, helped by gains in the country's big banks.

New Zealand's NZX 50 benchmark ended down 0.4% after setting three straight record closing highs last week.