Stock markets in Asia close higher with expectations of the end of the strike in the United States and data from China finance

The Nikkei 225 index in Tokyo rose 1.26% to 50,911.76 points, and the Kospi index in Seoul advanced 3.02% to 4,073.24 points, driven by shares of banks and insurance companies. In Hong Kong, the Hang Seng Index rose by 1.55%, to 26,649.06 points, and in mainland China, the Shanghai Composite Index rose by 0.53%, to 4,018.59 points.

The US Senate on Sunday advanced a measure aimed at reopening the federal government and ending a 40-day shutdown that has sidelined federal workers, delayed food aid and grounded air travel. In a procedural vote, senators approved a bill passed by the House of Representatives that will be amended to finance the government until January 30, and includes a package of three bills from the full-year budget allocations.

MSCI’s broadest index of Asia-Pacific shares ex-Japan rose 1.36%. “The potential end to the longest shutdown in US history is positive for markets,” said Prashant Nuniha, chief interest rate strategist for Asia Pacific at TD Securities. “We expect the next step to be a vote in the House of Representatives on Wednesday, with the government scheduled to reopen on Friday.”

In China, the CSI300 index reversed its initial losses and closed 0.3% higher, while the Hang Seng Index in Hong Kong rose 1.5%. China’s producer price deflation eased in October and consumer prices returned to positive territory, data released on Sunday showed, as the government intensified efforts to curb excess capacity and fierce competition among companies.