Japan and South Korea opened higher on Monday, with the Nikkei 225 index rising 1.69% to 28412.70 and South Korea's KOSPI index up 0.84% to 3244.92. Australia's S&P/ASX 200 index rose 1.1 per cent to 7352.50 points at the start of the day. U. S. stocks rose on Friday, several benchmark indexes hit record highs, and investors regained confidence in global economic growth.

The s & p 500 index rose 1.1%, with a weekly gain of 0.4%. Nine of the 11 sub-indices rose, led by real estate, non-consumer necessities and information technology. Dow JonesIndex, NASDAQThe composite index and the Nasdaq 100 index closed at an all-time high on the same day as the S & P 500 for the second time this month.

Cyclical stocks such as finance and energy led gains, but lagged behind the market throughout the week as the market remained worried about highly contagious new crown variants. The Nasdaq 100 index rose for the eighth straight week, its longest run since May 2019.

"the market is still on the upside and it's clear that there will be bumps along the way," said Spectrum Management Group's Leslie Thompson.

Including JPMorgan Chase.Asset management, BlackRockAnd Morgan Stanley.A number of institutions, including wealth managers, expect global economic growth to remain on track, and the earnings season, which begins next week, is expected to further boost market confidence.

In its semi-annual monetary policy report, the Federal Reserve pledged to maintain "strong" monetary policy support until the economy fully recovers. China's central bank cut reserve requirements across the board on Friday, and the European Central Bank hinted on Thursday that it would tolerate inflation overshoot, meaning easing could last longer.

By the close, the s & p 500 was up 1.1% at 4369.55. The Dow Jones industrial average rose 1.3% to 34870.16. The Nasdaq composite index rose 1% to 14701.92. The Nasdaq 100 index rose 0.7% to 14826.09. The Russell 2000 index rose 2.2% to 2280.005.