Asian equities climb to start the week

Nikkei 31-08

But the mood has been slightly tempered with going into the closing stages, with gains losing steam a little. That said, the performance on the day is solid - especially for Japanese stocks after the beating last Friday due to Abe's resignation.

The Hang Seng and Shanghai Composite are both up by 0.6% currently, while US futures are seen up by ~0.4% as we look towards European trading.

For the Nikkei and Japanese markets, Warren Buffet did give a big vote of confidence earlier and that will be a considerable tailwind in the bigger picture of things.

The yen is seen slightly weaker to start the week, with USD/JPY now up by 0.2% to 105.62 but gains remain more measured and sellers are still in near-term control.