Asia-Pacific markets traded higher Monday, after artificial intelligence valuation concerns fueled declines in markets across the region last week.

Investors in Asia are also parsing October inflation data from China over the weekend, which came in above expectations.

Headline consumer inflation was at 0.2% year on year, compared to expectations of zero growth from economists polled by Reuters. Wholesale inflation saw a softer-than-expected drop of 2.1% year on year, against the expected 2.2% decline.

South Korea's Kospi climbed 3.02% and ended at 4,073.24, led by banks and insurance stocks, while the small-cap Kosdaq was 1.32% up at 888.35. Heavyweights on the Kospi index like Samsung Electronics and SK Hynix posted gains of 2.76% and 4.48%, respectively.

Other top gainers

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