Major stock markets in Asia closed on a positive note on Monday, with Chinese AI stocks leading the rally. The Shanghai Composite Index rose 1.1% and the Shenzhen Component Index gained 1.75%. In Hong Kong, the Hang Seng Index surged 1.44%, while Korea’s Kospi Index climbed 0.84%. Australia’s S&P/ASX200 also posted a 0.48% gain. In individual stock movements, Light & Wonder surged 18%, while Mesoblast saw a 7.2% decline. On the New Zealand Stock Exchange, the NZX 50 edged down 0.09%. Wall Street closed higher on Friday, with the Dow Jones up 0.48% and the Nasdaq gaining 0.81%.

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