Asian Shares Gain As Dollar Claws Back Losses And China Eases Some Yuan Trading Rules

Asian stocks rose on Monday as the dollar clawed back losses. Markets also digested headlines concerning developments out of the People's Bank of China and European Central Bank announced at the weekend.

The Nikkei 225 rallied 1.25 percent and South Korea's benchmark Kospi index tacked on 0.99 percent as geopolitical tensions eased on the Korean peninsula over the weekend.

The rally took place after no North Korean missile launches materialized on Sept. 9, the anniversary of the country's founding. There had been speculation in the lead up to the weekend that North Korea could conduct its next missile test then to celebrate the occasion.

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