Asian equities finished mostly higher on Monday, led by a rally in Chinese markets, on optimism about the health of the world's second-largest economy.
Data over the weekend showed industrial profits in the mainland grew at a stronger pace in the first half of the year compared to 2013, thanks to an 18 percent annual surge in June.
"The mini-stimulus that was delivered in April and May seems to be having an effect. We think that the pace of growth that we saw in the second-quarter is going to be reasonably well-sustained and the authorities will get a 7.5 percent growth rate," said Paul Bloxham, chief economist for Australia at HSBC.
Investors continued to monitor geopolitical risks. In Gaza, fighting subsided on Sunday after Hamas Islamist militants said they backed a 24-hour humanitarian truce in light of the Muslim holiday Eid al-Fitr. More than 1,000 Palestinians have been killed in the 20-day conflict.