Stock markets in Asia traded with gains on Monday, with positive sentiment spreading from across the Pacific after a strong week on Wall Street. In addition, the Bank of Japan said that its goal of achieving price stability is not yet close to being accomplished, while the BoJ's Governor Kazuo Ueda noted the central bank will continue its easy monetary policy. A report revealed that Japan's services sector activity slowed its growth in October.
South Korea's Kospi rose by 3.98% at 3:49 am CET after it banned short-selling until mid-2024, while the Nikkei 225 gained 2.41% and Hong Kong's Hang Seng added 1.76%. The Shanghai Composite jumped 0.64%, and the Shenzhen Composite climbed 1.54% at 3:50 am CET. Two minutes later, the Australian S&P/ASX 200 increased 0.32%.
The US dollar was up 0.16% against the Japanese yen, selling at 149.62600 at 3:54 am CET.