DHAKA: Shares in Australia led markets on Monday, closing 1% higher, boosted by commodity and energy-related stocks.
Investor sentiment was also up after a positive US jobs report on Friday.
Sydney-listed shares in mining giant Fortescue Metals rose by a staggering 23.7%, while BHP Billiton and Rio Tinto were up 5% and 3.5% respectively, says the BBC.
By the end of trading, Sydney’s benchmark ASX/200 had climbed to 5,142.80 points. In China, Hong Kong’s Hang Seng was little changed.
Hong Kong-listed shares of China’s telco giant ZTE Corporation were halted from trade on Monday morning.
On Sunday, the media reports said the US Commerce Department was ‘set to place export restrictions on (the) Chinese telecoms equipment maker... for alleged violations of US export controls on Iran’.
The firm did not respond to written requests from the BBC for more information about the possible restrictions.
Meanwhile, the mainland Shanghai Composite was up 0.3% to 2,881.53 points.
On the weekend, China's chief economic planner said the country would ‘absolutely not experience a hard landing’ despite growth forecast cuts.
Elsewhere, Japan’s Nikkei 225 was bucking the regional trend, closing the day 0.6% down at 16,911.32.
Shares in electronics giant Sharp were up 7.3% however, amid continuing speculation about a takeover bid from Taiwan’s Foxconn.
In South Korea, the Kospi index finished flat at 1,957.87 points.
BDST: 1451 HRS, MAR 07, 2016
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