The rally in regional stocks and currencies comes after President Donald Trump suggested the US may strike trade deals with some countries as soon as this week, offering the prospect of relief for trading partners.
The currencies of Taiwan and Malaysia led advances among Asian peers on Monday, with sentiment lifted by hopes of a thaw in China-US trade tensions.
Bloomberg's gauge of Asian currencies hit a six-month high, with Taiwan's dollar jumping the most since 1988. Meanwhile, Malaysia's ringgit (RM) advanced to its strongest since October. MSCI's index of emerging market equities also gained.
