With Chinese and South Korean stocks slipping down on the day, Japanese stocks were reported highest in seven months on Monday.

S&P/ASX of Australia rose by 0.3% while Taiwan's Taiex gained 1.1% rise on the day. The Nikkie Stock Average was reported up by 0.2% in Tokyo to reach 9,338.94 at the closing level. It has risen for past six sessions out of the total seven held before the current one.

The day was bad for China and Hongkong. Chinese stocks remained stagnated while Hong Kong's Hang Seng Index went down by 0.2% while that for the Shanghai Composite saw a 0.5% dip. South Korean Kospi went down by 0.2%, as reported.

In the present situation, traders are being very careful about their investments and are seeing if the US market shall recover back to normal by this week, felt an analyst at CMC Markets, Ric Spooner. "In these circumstances, many traders prefer a cautious stance, waiting to see if the market can hold these gains once [U. S.] trading returns to normal this week", he said.

Stock gains on Monday helped Nikkie to rise by 3.8% while the value for yen went down. However, dollar gained value again this week making it to raise high by 3% in the month of November.