Asian bourses saw robust gains on Monday following a positive lead from Wall Street last week as geopolitical jitters eased. A weaker yen and the release of Chinese inflation data over the weekend also buoyed sentiment.
U.S. stocks jumped on Friday on hints of reduced tensions in the Russian-Ukraine crisis and as Wall Street viewed American military moves in Iraq as limited. Friday proved the best session in five months for both the Dow Jones Industrial Average and S&P 500, which rose 1.1 and 1.2 percent respectively. The Nasdaq climbed 0.8 percent.
Kerry Series, Founder & CIO at Eight Investment Partners, told CNBC Asia's "Street Signs": "We're now in a phase where markets will shrug off bad news and [look] for stable economic growth around the world."
"There's still good earnings from corporate firms, M&A activities and still relatively easy monetary policy and that's the recipe for markets to go higher and ignore the bad news," he added.
President Barack Obama said on Saturday U.S. airstrikes have destroyed arms that Islamic State militants could have used against Iraqi Kurds, but warned there was no quick fix to the Iraqi crisis.
Over in Gaza, Israel and the Palestinians agreed on Sunday to an Egyptian proposal for a new 72-hour ceasefire in the region.