Asian markets traded higher, with investors cheering a disappointing U.S. August employment report, which pared expectations the Federal Reserve would hike interest rates in September.
"Friday's non-farm payrolls report noticeably underperformed market expectations and effectively killed off the outside possibility of a September rate hike by the Fed," Angus Nicholson, a market analyst at IG, said in a Monday note.
"Investors [are] in a contradictory situation as to whether they should be focusing on rates settings or the underlying economy," Nicholson added, pointing to the U.S. Friday session, when stocks initially surged on the payrolls miss, then pared gains.
Japan's Nikkei 225 closed up 0.66 percent, or 111.95 points, at 17,037.63, touching its highest level in three months. The Japanese yen remained at the 103 handle against the greenback, trading at 103.41 as of 3:29 p.m. HK/SIN time.
In Australia, the benchmark ASX 200 finished up 1.06 percent, or 55.78 points, at 5,429.58. The materials sector surged 2.27 percent, while the energy subindex and financials subindex were up 1.07 percent and 1.46 percent, respectively.
Chinese mainland markets ended higher, with the Shanghai composite settled up 0.18 percent, or 5.436 points. at 3,072.788, while the Shenzhen composite closed up 0.438 percent, or 8.807 points at 2,018.102.
In Hong Kong, the Hang Seng index was up 1.62 percent as of 3:32 p.m. local time, at levels not seen since August 2015. In South Korea, the Kospi closed 1.07 percent higher, or 21.77 points, at 2,060.08.
In Southeast Asia, Thailand's SET index was down 1.88 percent at 3:35 p.m. HK/SIN, retracing early losses of more than 2 percent and touching lows not seen since mid-July.
Kasem Prunratanamala, an analyst at CIMB, said the decline was due to "massive" selling by local institutions weighing the market, possibly due to profit-taking on gains since the beginning of the year.
Mayuree Chowvikran, a strategist at Maybank-Kim Eng, noted that the selling on Monday wasn't on fundamentals, but was due to the index falling briefly below key support levels.