Asia stocks trade higher as hope rise on economies reopening

Asia stocks raded higher on Monday afternoon as hopes rise on economies reopening, even as U.S. reported record job losses in April.

Hong Kong’s Hang Seng index led gains among the region’s major markets as it surged 1.72 percent.

In Japan, the Nikkei 225 jumped 1.41% in afternoon trade while the Topix index gained 1.64%.

Mainland Chinese shares, on the other hand, were mixed by the afternoon. The Shanghai composite rose 0.13% while the Shenzhen composite dipped fractionally. South Korea’s Kospi also dipped 0.27%.

Meanwhile, shares in Australia traded in positive territory, with the S&P/ASX 200 gaining 1.48%.

Overall, the MSCI Asia ex-Japan gained 0.91%