In Asia, shares rose on Monday following a strong rally in U.S. stocks, marking the best performance since the election in November. Chinese authorities were scheduled to provide updates on efforts to boost consumer spending, which is viewed as crucial for reviving the economy. While China reported positive factory data with a nearly 6% increase in industrial output and a 4% rise in retail sales, weaknesses persisted in the property market.

Market indices in major Asian cities reflected the positive sentiment, as Hong Kong's Hang Seng surged by 1.3%, the Shanghai Composite index grew by 0.6%, Tokyo's Nikkei 225 jumped by 1.3%, and Seoul's Kospi leaped by 1.7%. Despite the overall positive trend, Bangkok's SET index experienced a 0.7% decline.

In the U.S., Wall Street experienced a significant upward swing on Friday, with the S&P 500 rising by 2.1% after entering a correction phase. This marked the market's longest losing streak since August. Notable stock gains were seen in Ulta Beauty, Big Tech companies, and firms in the artificial-intelligence sector. The market also responded positively to Senate actions aiming to prevent a government shutdown, yet lingering uncertainty remains regarding Trump's trade policies and their impact on the economy. The President's efforts to reshape the U.S. economy, including bringing back manufacturing jobs and reducing the government workforce, continue to contribute to market uncertainty.