U.S. markets were closed yesterday for the Thanksgiving holiday.

Hong Kong's Hang Seng is trading +0.20% at 24,052.57. China's Shanghai Composite closed at 2,682.92 points, a gain of +1.99% heading for the biggest monthly gain in two years. Chinese stocks were boosted by the benchmark interest cut of the PBoC last week.

Japan's Nikkei gained +1.23% closing at a two-week high at 17,459.85 points. Export stocks were fuelled by a weaker yen, transport stocks were supported by lower oil prices. Industrial production rose unexpectedly by +0.2% beating analyst forecasts who predicted a decline by -0.4%.