Asian stocks are expected to continue their upward trend after Scott Bessent was appointed as Treasury Secretary by Donald Trump. This appointment has had a positive impact on US bonds and equities, leading traders to be optimistic about Bessent's Wall Street background.

Australian shares have seen slight gains, and futures indicate positive movements in Japan and Hong Kong. The benchmark index in Asia rose by 0.8% on Monday. US contracts also experienced gains in early trading, following a rally in Treasuries, particularly in longer maturities. The US dollar has seen its largest decline in over two weeks, reflecting market adjustments.

Bitcoin's recent surge toward the $100,000 mark has stalled just below that historic level.