Asia markets traded higher across the board on Monday, extending gains from last week following the announcement of fresh stimulus measures from the European Central Bank (ECB).
The Japanese Nikkei 225 closed up 294.88 points, or 1.74 percent, at 17,233.75, while the South Korean Kospi finished up 0.04 percent, or 0.86 point, at 1972.27. Hong Kong's Hang Seng index gained 235.74 points, or 1.17 percent, to 20,435.34.
Australia's S&P/ASX 200 closed up 19.06 points, or 0.37 percent, at 5,185.45, buoyed by gains in the financials sub-index, up 0.55 percent, and the energy sub-index, which tacked on 1.35 percent.
Some market commentators believe the ECB's announcement Thursday of additional easing bolstered demand for riskier assets.
But there were doubts about the rally. Traders have been hesitant to increase risk in portfolios in any great size today, said Chris Weston, chief market strategist at spreadbetter IG, in a note Monday.
"The feeling on the floors is that the move higher in risk assets still has legs, but there is a healthy degree of skepticism and there are a number of longs waiting to reverse to short or increase cash allocations should prices show even the slightest hint of rolling over," said Weston.