Asian stock markets rose Monday after Wall Street hit a new high and China promised support for entrepreneurs to shore up economic growth. The Shanghai Composite Index rose 1% to 3,702.88 and the Hang Seng in Hong Kong gained 1% to 24,238.13. The Nikkei 225 in Tokyo advanced 0.9% to 28,691.98. The Kospi in Seoul added 0.2% to 3,017.36 and Sydney's S&P-ASX 200 was 0.6% higher at 7,397.40. India's Sensex opened 0.4% higher at 58,985.13. New Zealand and Southeast Asian markets also gained, the Associated Press reported. In energy markets, benchmark U.S. crude rose $1.07 to $72.74 per barrel in electronic trading on the New York Mercantile Exchange. The contract added 73 cents to $71.67 on Friday. Brent crude, the price basis for international oil trading, advanced 99 cents to $76.14 per barrel in London. It gained 73 cents the previous session to $75.15 per barrel. The dollar rose to 113.51 yen from Friday's 113.43 yen. The euro declined to $1.1296 from $1.1311.
