Asian stocks largely on the upside for Monday, Japan and China lead the way

• Despite recent market routs, Asia sees some gains for the early week session.
• Pacific-session equities continue to list closer towards the middle despite several clear and bright spots.

Asian equity markets are broadly higher heading into the new trading week, with Monday’s action mostly seeing green on the various indexes, though weak points remain in the Antipodean zone, and emerging markets.

US tech stocks have been getting eviscerated in recent weeks, but technology led Monday’s gains in Japan, and Japan’s Nikkei 225 index is up   0.70% for Monday, while the softer Tokyo Topix index up a more restrained 0.15%. The Hong Kong Hang Seng index is clearing ground rapidly right out of the gate, jumping higher by 1.70% and counting, while Shanghai’s CSI 300 goes a little lopsided, gaining 0.25% for the day.

Australia remains downbeat for the new week, with the Australian ASX 200 index retracting by -0.80%, while emerging markets remain off-balance with the MSCI broad Asia-Pacific index in the red by 0.10%.

Japanese Nikkei 225 Technical Levels