- Stock markets in Asia-Pacific were broadly higher on Monday, shrugging off the weaker-than-expected April U.S. jobs reports.
- Business confidence in Australia surged to a record high in April, according to a survey by the National Australia Bank.
- Crude oil futures rose as much of one of the largest pipelines in the U.S. remains closed following a cybersecurity attack.
SINGAPORE — Stock markets in Asia-Pacific were broadly higher on Monday, shrugging off the weaker-than-expected April U.S. jobs reports; while oil futures advanced.
South Korea's Kospi was one of the largest gainers, rising 1.63% to close at 3,249.30 in the first session of the week. In Japan, the Nikkei 225 rose 0.55% to end the session at 29,518.34 and the Topix jumped 0.99% to 1,952.27.
Greater China markets were mixed. The Shanghai composite inched up 0.27% to 3,427.99, while stocks in Shenzhen jumped 0.19% to 2,243.91 at the close. Hong Kong's Hang Seng Index fell 0.3% in late Monday trade.
Last week, the widely watched U.S. jobs report for April came in below expectations. The report showed U.S. employers added 266,000 net payrolls last month and the unemployment rate rose to 6.1%.
James Cheo, Southeast Asia chief investment officer at HSBC Private Banking and Wealth Management, said the U.S. jobs report wouldn't hit investor sentiment.
"I think in terms of the jobs recovery it's going to be extremely fragile ... but I think the trajectory is still a jobs improvement so I don't think it changes very much the investment thesis, the economic recovery is still very strong," Cheo told CNBC's "Squawk Box Asia" on Monday.
"And of course these setbacks would mean that the Federal Reserve would still keep interest rates extremely low and I think from that perspective, we are still in a sort of goldilocks environment which is still very conductive for risk assets across the world," he added.
Over in Australia, retail sales for March increased 1.3% from the prior month — slightly missing the 1.4% forecast by analysts in a Reuters poll. But business confidence in the country surged to a record high in April, according to a survey by the National Australia Bank.
The ASX 200 closed 1.3% higher at 7,172.8 on Monday.
Currencies and oil
The U.S. dollar were roughly flat at 90.25 against a basket of its peers.
In oil markets, U.S. crude futures advanced 0.54% to $65.25 per barrel as much of one of the largest pipelines in the U.S. remains closed following a cybersecurity attack. Global benchmark Brent was up 0.59% to $68.68 per barrel.
— CNBC's Thomas Franck contributed to this report.