South Korea’s Kospi, which has had a stellar start to 2021 as it jumped nearly 10% in the first trading week of the year, rose 2.35% in early trade.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.22% higher.
Markets in Japan are closed on Monday for a holiday.
China’s inflation data for December is expected to be released at around 9:30 a.m. HK/SIN on Monday.
In Asia, a jump in coronavirus infections has prompted the Japanese government to place multiple areas in the country —including Tokyo — under a state of emergency.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.297 after a recent rise from levels below 89.4.
Oil prices were mixed in the morning of Asia trading hours, with international benchmark Brent crude futures down fractionally to $55.94 per barrel. U.S. crude futures gained 0.17% to $52.33 per barrel.
What’s on tap:
- China: Inflation data for December at 9:30 a.m. HK/SIN