TOKYO – Asian shares rose Monday on hopes for President Joe Biden's stimulus package and bargain-hunting after sell offs last week.
Japan's benchmark Nikkei 225 surged 2.2% in morning trading to 29,587.82. Australia's S&P/ASX 200 jumped 1.5% to 6,774.00.
Hong Kong's Hang Seng advanced 0.9% to 29,253.72, while the Shanghai Composite rose 0.6% to 3,529.98 despite a survey showing slightly weaker manufacturing indicators for the month of February.
South Korean markets were closed for a national holiday. But the government reported that exports rose 9.5% in February from a year earlier and imports jumped nearly 14%, in signs the economy is picking up momentum.