Asian markets higher; Nikkei up 1%, ASX and Kospi up 0.3%

Asian Market 1
Japan’s benchmark share index jumped early on Monday as crude prices surged higher on a deal reached at the weekend between OPEC and non-OPEC producers.

The Nikkei 225 surged 0.98 percent at its open, as the yen weakened against the dollar, trading at 115.39 as of 8:05 am HK/SIN, compared to levels around 113 last week.

In South Korea, the Kospi was up 0.25 percent, as South Korea struggles with a corruption scandal which led to the a parliamentary vote on Friday to impeach incumbent President Park Geun-hye. South Korea’s finance minister warned on Sunday that the impeachment could weigh on sentiment in the east Asian country’s economy.

South Korean prosecutors have also indicted two former government officials, one a former senior presidential aide and another a former vice minister.

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