Chinese stocks closed higher on Monday, lifted by the coal sector, while semiconductor shares also aided the market.

The Shanghai Composite Index ended up 39 points, or 0.96 percent, at 4,152.

The Shenzhen Component Index was up 259 points, or 1.66 percent, at 15,856, while the ChiNext was up 82 points, or 2.1 percent, at 4,021.

Chinese coking coal prices soared to their highest in nearly two weeks and a sub-index tracking the coal industry jumped 2.6 percent.

Semiconductor shares rose after Huawei Technologies said it expects to design high-end chips by 2031 with transistor density equivalent to a 1.4-nanometre process.

A sub-index tracking the industry surged 7.1 percent, while China's tech-focused Star50 jumped 5.9 percent.

"Growth momentum has strengthened, market sentiment has clearly turned more positive, and the sustained recovery in the property market has further improved confidence," said Wee Khoon Chong, Apac macro strategist at BNY.

"These factors have supported Hong Kong's capital markets, as evident in the sharp pickup in IPO activity since the second half of 2025, which has continued into 2026."

In Japan, the Nikkei ended the day 1,819 points, or 2.87 percent, higher at 65,158 over hopes of a deal to end the US war on Iran. (Reuters & Xinhua)


Edited by Aaron Tam