Asian markets traded higher on Monday, after the Federal Bureau of Investigation (FBI) again cleared presidential candidate Hillary Clinton of potential criminal charges in its private email server probe.
The Australian benchmark ASX 200 closed up 1.35 percent, or 69.98 points, at 5,250.8, buoyed by strength across all subindexes except gold, which shed 3.14 percent.
Westpac was up 2.66 percent at $30.50 a share. The Australian bank announced its full-year results, showing the lowest return-on-equity since 2009 due to higher capital requirements and low interest rates. Westpac also said it would abandon its ROE target of 15 percent, with CEO Brian Hartzer saying a longer-term ROE target of 13 to 14 percent would be more realistic.
Fortescue Metals Group jumped 3.4 percent, after Chinese iron futures climbed to their strongest level in more than two years on Friday, Reuters reported.