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Asian shares mostly higher on optimism despite pandemic

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TOKYO – Asian shares were mostly higher Monday as bullish sentiment persisted despite continuing signs of economic damage from the pandemic.Traders continued to be cheered by prospects that the incoming administration of President-elect Joe Biden will pump more aid into the U.S.

economy, a move that will help Asia and other export-driven nations. South Korea's Kospi jumped 2.5% in early trading to 3,230.15.

Australia's S&P/ASX 200 lost 0.7% to 6,714.20. Hong Kong's Hang Seng edged up 0.2% to 27,945.18, while the Shanghai Composite added 0.4% to 3,584.97.

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