Asian shares were higher on Monday, following the Dow Jones coming within inches of hitting the 20,000 mark during last Friday's session.
The ASX 200 finished up 0.9 percent or 51.82 points at 5,8074, seeing broad gains across all sub-indexes except for materials and gold.
Fortescue Metals was down 3.79 percent at A$5.84 per share while Rio Tinto was off 1.3 percent at A$59.35, after Australia's Department of Industry, Innovation and Science forecasts iron ore prices at $51.60 a tonne this year and $46.70 in 2018, compared to current spot prices of around $80.
In South Korea, the Kospi wavered between negative and positive territories, and closed down 0.02 percent at 2,048.78.
Shares of Samsung Electronics were up 2.82 percent to 1,861,000 won ($1,542) each, after the company said last Friday that its fourth-quarter profit likely jumped 50 percent year-on-year, beating estimates on strong chip sales and rebound in smartphone sales. The positive outlook comes despite a slight fall in revenue and negative impacts from the cancellation of the fire-prone Galaxy Note 6.
"We believe Samsung Electronics' earnings power should substantially improve in terms of stability and visibility, thanks to diversified earnings stream and much differentiated competitiveness especially in NAND and OLED," said CIMB in a note released last Friday. NAND is a type of flash technology used in memory cards, while OLED is an organic compound used for electronic screen displays.