ASX 200 index gained 0.7 per cent, Straits Times index advanced 0.2 per cent, futures for Nifty 50 index were up 0.1 per cent, while Shanghai Shenzhen CSI 300 and Shanghai Composite indexes added 0.6 per cent and 0.1 per cent, respectively

Most Asian stocks rose on Monday as technology shares rebounded from steep losses logged last week, although investors remained cautious before central bank meetings in Australia and India this week.

Japanese shares lagged as strength in the yen pressured export-oriented stocks, while Indian markets nursed outsized losses from last week.

Australia’s ASX 200 index gained 0.7 per cent with focus chiefly on the conclusion of a two-day Reserve Bank of Australia (RBA) meeting on Tuesday. Banks and gold stocks were the main boosts to the index.

The RBA is widely expected to keep interest rates unchanged amid recent signs of inflation turning sticky, but could offer up some signals on a potential cut in November.

A 25bp cut is more likely in November, taking the policy rate to 3.35 per cent for an extended period, ANZ analysts said in a recent note, adding that Governor Michele Bullock was widely expected to reiterate the central bank’s data-driven stance on further easing, after about 75 bps of cuts so far in 2025.

Recent data showing an unexpected increase in Australian inflation had dampened bets on more rate hikes by the RBA, which has maintained its stance of curbing inflation as a key goal.

South Korea’s KOSPI and Hong Kong’s Hang Seng index were the top performers in Asia, rising 1.1 per cent and 1.5 per cent, respectively.

Broader Asian markets also mostly gained. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes added 0.6 per cent and 0.1 per cent, respectively.

Singapore’s Straits Times index advanced 0.2 per cent, while futures for India’s Nifty 50 index were up 0.1 per cent, pointing to some relief after losses last week. Indian markets have largely lagged their peers.