Asian markets rebounds as China opens with solid gains

Chinese equities set the tone for other Asian markets on Monday, with most bourses in the region pushing higher in morning trade once China opened for the first time in four days. China's extended break appeared to do the region some good, with the Shanghai Composite opening with strong gains on Monday, helping to revive its adjoining markets.

Chinese markets have been the tone setters for other global markets in recent weeks due to extreme volatility as fears over the state of China's economy deepened.

Hong Kong's benchmark Hang Seng index advanced 0.25% to 20,891.92 points within the first hour of trade, and mainland China's benchmark Shanghai Composite rallied 1.57% to 3,209.71 points at the same time.

South Korea's KOSPI Composite Index reached 0.45% higher to1, 894.64 points.

Japan's benchmark Nikkei225 index rallied 0.96% to 17,963.38 points, and the broader TOPIX gauge rose 0.22% to 1,447.64 points before midday in Tokyo, after each Japanese bourse started the morning more than 1% lower.

Australia's markets remained in the red but consolidated losses by midday in Sydney, with the benchmark S&P/ASX200 index trading 0.46% lower at 5,017.30 points, compared with a 1.1% loss in morning trade.