Asian shares inched up on Monday in morning session, tracking Wall Street, after a Republican agreement on the shape of US tax cuts aimed at boosting growth in the world’s largest economy.
Japan's Nikkei 225 added 1.18%. Korea's Kospi came under slight pressure, trading 0.04% under the flat line. In Sydney, the S&P/ASX 200 gained 0.66%.
Hong Kong's Hang Seng Index was up 0.58%, while mainland indexes were mostly subdued. The Shanghai Composite edged up 0.12% and the Shenzhen Composite shed 0.26%.
In Tokyo, trading houses and banks led the gains, with Tech and automaker blue-chips also seeing gains. Toyota rose 2.5%, Sony gained 2.18% and SoftBank climbed 1.2%.
In economic news, Japan's November exports added 16.2% on year, marking the twelfth straight month that exports have gained, according to Reuters.
In Korea, steelmakers traded lower, with Posco and Hyundai Steel down 1.5% and 3.34%, respectively, even though Samsung Electronics inched higher by 0.71%. Automakers were little changed despite news of an ongoing union dispute, with Hyundai Motor trading flat in the morning.
In Australia, resource stocks led the gains. Rio Tinto climbed 0.95% and Fortescue Metals added 0.93%. Banking shares were also higher, with ANZ rising 1.98% after the bank announced it would buy back up to A$1.5 billion ($1.15 billion) shares on-market.
In commodities, oil prices were slightly firm with US light crude up 10 cents at $57.40 while Brent crude inched 7 cents higher to $63.30. Spot gold ticked lower to $1,253.36.