Japan’s benchmark Nikkei 225 NIK, +1.86% added 1.8%. The advance was helped by a 2% jump in electronics and entertainment Sony Corp. 6758, +2.37%, which is reporting earnings later this week. Sony, which has video game and movie divisions, has seen sales rise as people opted for stay-home entertainment during the pandemic.
South Korea’s Kospi 180721, +0.72% edged up 0.6% to 3,037.21 after the government reported the economy grew at an annual pace of 4%, according to government data. That was slightly weaker than expected. But analysts expect consumer spending to recover as virus cases ease with progress in the country’s vaccine rollout.
“Sentiments in Asia may largely mirrored the stellar performance in Wall Street overnight, while the COVID-19 situation in China remains on watch with control measures being tightened,” said Yeap Jun Rong, market strategist at IG in Singapore.
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