Asian Equities Higher However with Cautious Mood

Asian stock markets started the week with gains on Monday but the mood was cautious due to ongoing geopolitical tensions. Trading volumes were light with Japan shut for a holiday.

Developments over the downing of Malaysia Airlines Flight MH17 continue to be in focus. The United Nations is considering a resolution to demand that armed groups in Ukraine allow international investigators access to the crash site. A vote may come as early as Monday.

Meanwhile, Sunday was one of the bloodiest days in the two-week Israeli offensive in Gaza. Despite heavy casualties, Israeli Prime Minister Benjamin Netanyahu warned that military operations could be expanded.

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