Asia stocks rose on Monday, as investors keep eyes on shares of Japanese conglomerate SoftBank Group following an announcement of its sale of U.K. chip designer Arm.
South Korea’s Kospi jumped 1.3% on the day to 2,427.91. In Japan, the Nikkei 225 rose 0.65% to close at 23,559.30 while the Topix index added 0.88% to end its trading day at 1,651.10.
Mainland Chinese stocks were higher by their close, with the Shanghai composite up 0.57% to about 3,278.81 while the Shenzhen component also added 0.611% to around 13,021.99. Hong Kong’s Hang Seng index rose 0.77%, as of its final hour of trading.
Australia’s S&P/ASX 200 edged about 0.68% on the day to 5,899.50. Shares of Macquarie Group, however, dropped more than 4% after the firm announced Monday it anticipated a 35% plunge in its first-half earnings.
Overall, the MSCI Asia ex-Japan index gained 0.93%.
