The Nikkei Index climbed over 03% to a six-month high on Monday, testing a key resistance level around 15,500 points, with investors anticipating more improvements in company earnings.
The Hang Seng Index climbed higher on Monday, with the shares on mainland China jumping to their highest level since December with banking shares leading the gainers after BoCom or Bank of Communications (China's fifth-biggest bank by assets planned to sell shares to private investors under a government reform aimed at letting private capital play a bigger role in the economy.
Reuters reports that European markets are expected to open higher on Monday.
According to Reuters, Wall Street closed broadly lower on Friday with the S&P 500 Index ending the trading session down about 0.5% with many traders watching to see whether the bench index can finally breakout above the 2,200 points, while the shares of Visa fell 4% and dragged the Dow down.
Business Day reports that the JSE All Share Index closed lower on Friday, ending a volatile week governed by a surge in the resources sector with shares such as Anglo and Kumba leading the advance following their respective results.
The Rand is trading slightly firmer at R10.5039 against the US Dollar, with the Euro quoted at R14.0975 and the British Pound at R17.7843
The gold price last traded at $1304.71, with the platinum price quoted at $1,479.75, while the palladium price is trading at $878.00.
Brent was last trading slightly higher at $107.95 a barrel.