Most Asian stock markets climbed on Monday after Wall Street’s recovery in risk assets on Friday ended a four-day losing run for U.S. equities.
As of 9.48 A.M. Bangkok time, the S&P/ASX 200 in Australia rose 0.58%. South Korea’s Kospi added 0.86%.
Hong Kong’s Hang Seng index climbed 0.71%, while the Shanghai Composite in mainland China was 1.35% higher.
The Nikkei 225 in Japan was the only major index to decrease in the early trading session, losing 0.65% despite the services sector expanding at a record rate in April.
On Friday, all three major indexes in the U.S. rebounded, finishing mostly higher as bank shares rose and Apple reported stronger-than-anticipated results. The Dow Jones Industrial Average rose 1.65%. The S&P 500 climbed 1.85% and the Nasdaq Composite saw the largest gains, advancing 2.25%.
The U.S. will also release its newest CPI figures for the month of April.