Asian stocks rose Monday after Wall Street rebounded from a seven-week string of declines and China eased anti-virus curbs on business activity in Shanghai and Beijing, the Associated Press reported. Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil stayed above $110 per barrel. The Shanghai Composite Index advanced 0.5% to 3,145.77 after more factories and shops in Beijing and Shanghai were allowed to reopen. The Nikkei 225 in Tokyo surged 2.3% to 27,382.03 and the Hang Seng in Hong Kong gained 1.9% to 21,093.21. The Kospi in South Korea advanced 1.2% to 2,668.31. Sydney's S&P-ASX 200 was 1.4% higher at 7,2890.10. India's Sensex opened up 2.1% at 56,025.84. New Zealand and Singapore gained while Indonesia retreated. In energy markets, benchmark U.S. crude rose 88 cents to $115.95 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the price basis for international oils, advanced 79 cents to $116.35 per barrel in London. The dollar edged down to 127.03 yen from Friday's 127.10 yen. The euro rose to $1.0755 from $1.0733.
