Asia-Pacific markets opened higher Monday as investors parsed the latest slew of economic data out of China.

China's GDP rose 4.8% in the July-to-September period compared to a year ago, in line with expectations of analysts polled by Reuters.

The Asian giant also kept its benchmark lending rates unchanged, in line with expectations, with the one-year loan prime rate at 3%.

Hong Kong's Hang Seng Index was up over 2%, while the mainland's CSI 300 rose 0.74%.

Japan's Nikkei 225 jumped 2.77%, while the Topix added 1.91% after the country's Liberal Democratic Party and the Japan Restoration Party effectively reached an agreement to form a coalition government, NHK reported citing sources .

South Korea's Kospi added 0.36% after hitting a record high for the third stra

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