Asia-Pacific markets rose on Monday as investors assessed escalating Israel-Iran tensions, while awaiting a batch of data from China.
Oil prices surged as Israel and Iran traded barbs, while gold prices rose, as investors sought refuge in the safe-haven metal as equity markets slumped globally. The barbs continued over the weekend.
Japan's benchmark Nikkei 225 rose 0.87%, while the broader Topix index gained 0.92%.
In South Korea, the Kospi index rose 0.55%, while the small-cap Kosdaq gained 0.31%.
Australia's S&P/ASX 200 rose 0.24% in early trade.
Investors will keep a close eye on China as the Asian superpower is scheduled to release a batch of key data, including retail sales and industrial production figures for May.
Hong Kong's Hang Seng index futures were at 23,739, indicating a weaker open compared to the HSI's last close of 23,892.56. (alg)
Source: CNBC
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