Most Asian stocks rose on Monday, the dollar dipped, and bond yields declined after US President-elect Donald Trump chose wealthy hedge fund manager Scott Bessent to be his Treasury secretary, the German news agency dpa reported.
Bessent's reputation for stability and his past advocacy for gradual economic policies have calmed market nerves.
Oil prices traded lower in Asian trading, and gold prices were down nearly 2 per cent after reports emerged about a potential ceasefire deal between Israel and Lebanon-based Hezbollah militant group.