Asia markets closed mostly higher on Monday, with investors' risk sentiment likely improving from Friday's better-than-expected U.S. jobs number as they await to hear Pyongyang's response to U.N. sanctions over the weekend.
The United Nations Security Council unanimously imposed new sanctions on North Korea on Saturday over its intercontinental ballistic missile tests in July. Reuters said the sanctions could slash the reclusive regime's $3 billion annual export revenue by a third.
Some analysts, however, said it is unlikely that the sanctions could deter leader Kim Jong Un from pursuing his nuclear weapons ambitions.
In Australia, the ASX 200 rose 53.01 points, or 0.93 percent, to 5,773.60, with most sectors closing higher. The energy and materials sectors gained 1.48 percent and 1.49 percent, respectively. The heavily-weighted financials subindex added 0.98 percent.
Shares of Commonwealth Bank reversed early losses to close up 0.99 percent. The bank said a "coding error" on the software was responsible for the "vast majority" of anti-money laundering law breaches it was accused of last week by the Australian Transaction Reports and Analysis Centre.
Commonwealth Bank said it will file a statement of defense and that it does not "intend to litigate this matter publicly."
Across the Korean Strait, the Kospi closed up 3.3 points, or 0.14 percent, at 2,398.75. In the Greater China region, Taiwan's benchmark Taiex index added 72.82 points, or 0.69 percent, to 10,579.38. Hong Kong's Hang Seng index rose 0.42 percent in late-afternoon trade.
Mainland Chinese shares also rose. The Shanghai composite reversed early losses to close up 17.46 points, or 0.54 percent, at 3,279.54, and the Shenzhen composite added 13.79 points, or 0.74 percent, to 1,872.28.