Asian equity benchmarks are trading up in the early deals on Monday, tracking the gains on Wall Street on Friday following strong US jobs data, an increase in crude oil prices and an expected rollback in financial regulatory rules by US President Donald Trump banks are among the leading gainers in the region. Meanwhile, the latest survey from Caixin showed on Monday that the services sector in China continued to expand in January, albeit at a slower pace, with a PMI score of 53.1. That's down from 53.4 in December, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction. Meanwhile, Japan's Nikkei share average rose as bank stocks soared following moves by US President Donald Trump to reduce regulation in the financial sector, but a slightly stronger yen kept gains limited.
Nikkei 225 added 14.23 points or 0.08% to 18,932.43, Hang Seng strengthen 143.67 points or 0.62% to 23,272.88, FTSE Bursa Malaysia KLCI gained 1.90 points or 0.11% to 1,686.91, KOSPI Index rose 4.42 points or 0.21% to 2,077.58, Shanghai Composite jumped 14.61 points or 0.47% to 3,154.78, Taiwan Weighted increased 81.25 points or 0.86% to 9,536.81, Jakarta Composite spurt 19.74 points or 0.37% to 5,380.50 and Straits Times was up by 13.38 points or 0.44% to 3,055.32.