“Concerns surrounding elevated oil prices have eased,” said Mizuho Bank in a report.
The Shanghai Composite Index advanced 0.4% to 2,991.87 and Tokyo’s Nikkei 225 added 11 points to 22,012.82. Hong Kong’s Hang Seng was up 7 points at 26,794.33.
Investors were looking ahead to a possible decision Wednesday by the US Federal Reserve to cut its benchmark interest rate by another quarter point following a reduction in July that was its first in a decade.
Wall Street gained after the Federal Reserve Bank of New York took the unusual step of injecting $53 billion into markets to ease tight credit conditions that were putting upward pressure on interest rates.
Investor worries about the US-Chinese tariff war were temporarily overshadowed by the weekend attack on oil producer Saudi Aramco’s facility in Abqaiq.