Nikkei 225 drives Asian rebound, China off this week

The stocks on the Asian bourses kicked-off a brand new week on a mixed note, although quickly regained poise and staged a solid comeback, tracking the recovery in their European and Wall Street peers, as the banking sector worries eased after Deutsche bank was reported to pay up a less-costly fine with the US Department of Justice (DOJ) than previously expected.

However, lower oil prices capped further recovery in the Asian equities, as it weighed on the resource and energy sector stocks. Oil prices retreated this Monday as Brexit fears resurfaced, following the UK PM May’s comments that she will start the Brexit process in Q1 2017.

Markets in China, Malaysia and South Korea are shut for public holidays on Monday. While Australia celebrates Rosh Hashanah, Australian Labour day, but it’s not a market holiday.

Meanwhile, Japan’s Nikkei 225 now rises +1.12% to 16,633, the Australian S&P/ASX 200 gains 0.85% to 5482.