Asian stocks gained for fifth straight trading session extending last week's rally, on speculation economic fallout from the global credit crisis can be contained.
The Hang Seng index slipped 751 points or 5.4% at 14,726. Shanghai Index was marginally up by 9 points or 0.2% at 1,729. The Nikkei 225 Index was closed.
However, the Taiwan Taiex index gained 101 points or 2.8% at 4,972, Straits Times was up 85 points or 4.7% at 1,878. While, Australia's S&P/ASX gained 119 points or 3% at 4,137.
