Asian stocks closed higher on Monday, tracking gains seen on Wall Street after Friday's expectation-topping U.S. jobs report and shrugging off trade-related concerns.
In Japan, the Nikkei 225 skyrocketed 304.59 points, or 1.4%, to 22,475.94, as most sectors rose. Automakers and shippers were among the best-performing sectors, with the former rising 3%
The greenback held onto most gains made on the back of Friday's robust jobs report. Against the yen, the U.S. dollar traded at 109.65
In Hong Kong, the Hang Seng Index hiked 505.07 points, or 1.7%, to 30,997.98, as technology and real estate sector shares led the move higher.
In corporate news, PC maker Lenovo's removal from Hong Kong's benchmark Hang Seng Index took effect on Monday. CSPC Pharmaceutical Group, a Chinese drugmaker, replaced the computer maker as part of the index.
The advance seen in the region came after Wall Street closed higher on Friday on the release of better-than-expected jobs numbers, with the Dow Jones industrial average rising 0.9%, or 219.37 points, to close at 24,635.21.
The U.S. economy added 223,000 jobs last month, topping a forecast of 188,000 in a poll of economists. The unemployment rate dropped to 3.8%, its lowest since April 2000.
CHINA
In Shanghai, the CSI 300 regrouped 36.99 points, or 1%, to 3,807.58
Despite the positive mood, trade concerns continued to linger after U.S.-China trade talks yielded no major breakthroughs. China threatened that previous trade agreements negotiated by the countries "will not take effect" if the Trump administration goes ahead with a planned tariff increase.
In other markets
In Shanghai, the CSI 300 regrouped 36.99 points, or 1%, to 3,807.58
In Singapore, the Straits Times index gained 39.97 points, or 1.2%, to 3,467.48
In Korea, the Kospi index gained 8.8 points, or 0.4%, to 2,447.76
In Taiwan, the Taiex Index picked up 160.42 points, or 1.5%, to 11,109.50
In Australia, the ASX 200 improved 35.16 points, or 0.6%, to 6,025.55
Markets in New Zealand were shuttered for holiday
