Singapore new home sales rose to their highest in nine months in August, underscoring a recent resurgence in demand as a slew of projects hit the market.
Asia's equity benchmark headed for a record close, extending a rally fueled by easing uncertainties around US tariffs, a strong rebound in Chinese shares and optimism that the Federal Reserve may cut rates as early as next week.
Shares of Chinese regional lender Shengjing Bank Co. surged as much as 23% in Hong Kong trading on Monday, after its state-backed shareholder said it will raise an offer to take the bank private.
Chinese chip stocks jumped after the country launched an anti-dumping investigation targeting certain US-made semiconductors, boosting expectations for the domestic industry.