Asia markets advance, with Nikkei up 0.8% – CNBC

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Markets in Asia shrugged off a slow start early Monday to trade higher, with major indexes in China, Japan and Hong Kong leading gains.

The Japanese benchmark index, the Nikkei 225, which wavered between gains and losses after market open, was up 0.77 percent. The Japanese yen remained strong against the dollar at its 112-level, but the dollar-yen pair gained 0.35 percent, trading at 112.93 by 9.40 a.m. HK/SIN time.

Across the Korean Strait, the Kospi erased early losses to trade up 0.16 percent.

Chinese markets, which opened for trade at 9.30 a.m. HK/SIN time, started on a positive note, with the main Shanghai composite index up 0.96 percent, while the smaller Shenzhen composite gained 1.18 percent.

In Hong Kong, the Hang Seng index was up by 1.12 percent.

Down Under, the S&P/ASX 200 was up 0.89 percent, with most sectors up in the green; the heavily weighted financials sector gained 0.80 percent.

Asia markets advance, with Nikkei up 0.8% – CNBC}