Stocks rise in Asia

(CNN) -- Major stock indices around Asia and the Pacific traded higher on Monday.

In Seoul, South Korea's KOSPI index closed up 1.4 percent, while the All Ordinaries index in Australia gained a solid 4.8 percent.

Taipei's Taiwan Weighted finished the day up 2.6 percent and the Hang Seng index in Hong Kong was up 4.3 percent in afternoon trading.

In Singapore, the Straits Times index was up 4.2 percent, while Mumbai's BSE SENSEX was trading more than 4 percent higher. Japanese markets were closed.

Asia's gains follow a strong finish by Wall Street on Friday.

The Dow Industrials, NASDAQ and Standard and Poor's 500 all gained more than a percent. Futures trading points to a positive start for American markets.

Europe's major markets also closed the week in positive territory.

London, Paris and Frankfurt were up about 2 percent on Friday.

Wall Street ended one of its worst-ever months, with the S&P closing 16.9 percent, or 198 points, lower than the month before, its eighth-worst percentage decline. The Dow saw a 14.1 percent, or 1526 point, decline through October 31.

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