The Nikkei Stock Average rises 1.6% to 48332.87, tracking Wall Street's gains last Friday. Risk sentiment has improved amid more positive developments on U.S.-China trade relations and on U.S. regional banks, NAB's Taylor Nugent says in commentary.
In Japan, news was progress on coalition negotiations between Japan's ruling Liberal Democratic Party and the Japan Innovation Party, the senior economist says. A local media report suggests an agreement could be signed today ahead of a parliamentary vote on Tuesday, Nugent adds.
Among best performers on the Nikkei, MonotaRO rises 4.5%, Kokusai Electric adds 4.5% and Yaskawa Electric is 4.1% higher. USD/JPY is at 150.84, compared with 150.63 late Friday in New York.
Sumber : Dow Jones Newswires
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