Asian shares mostly higher after upbeat close on Wall Street

(BA)NGKOK (AP) — Shares in Asia were mostly higher Monday as gains carried over from an upbeat finish last week on Wall Street.

Tokyo, Hong Kong and Seoul advanced while Shanghai was closed for a holiday. Oil prices nudged higher and U.S. futures were nearly unchanged.

Analysts said a healthy report Friday on the U.S. jobs market eased worries over the recovery from the pandemic, though it also reinforced the likelihood of more interest rate hikes.

Shares in Hong Kong-traded Chinese companies rose after regulators in Beijing revised rules regarding access of overseas regulators to their audits of companies that have shares listed in overseas markets.

The Chinese financial magazine Caixin reported that China proposed the revisions of rules restricting sharing of financial data of offshore-traded companies to help resolving a longstanding dispute with the U.S. that could result in more than 200 Chinese stocks being kicked off American exchanges. It would remove a requirement that…