Hong Kong’s Hang Seng gained 2.7%, leading gains in Asia-Pacific markets on Monday. Oil futures also rose 2%. Markets in Japan were closed for a holiday.
The Bank of Japan holds its policy meeting this week, with analysts expecting the central bank to stick with its ultra-easy policies.
The benchmark index in Hong Kong was up 2.7% at 20,846.18 at the close while the Hang Seng Tech index jumped 3.02%. Meituan shares soared 5.86% and Longfor rose 4.11%.
Mainland China stocks advanced. The Shanghai Composite was 1.55% higher at 3,278.10 and the Shenzhen Component rose 0.98% to 12,532.65.
Financials and property developers lead the gainers.
Elsewhere:
The Kospi climbed 1.9% to end the day at 2,375.25
The Kosdaq was up 1.88% at 776.72.
In Australia, the S&P/ASX 200 rose 1.23% to 6,687.1.
The All Ordinaries Index closed 1.3 percent higher at 6,888.
