BANGKOK (AP) — Asian shares were mostly higher and U.S. futures advanced Monday after Wall Street ended on an upbeat note after much drama last week.

Markets in Japan were closed for a holiday.

Hong Kong’s benchmark, the Hang Seng, rose 1.8% to 25,667.24. It got a boost from a 5.1% gain for e-commerce giant Alibaba, which has reported strong demand for its new Qwen AI app. Alibaba is due to report earnings on Tuesday.

The Shanghai Composite index was virtually unchanged at 3,834.69.

Australia’s S&P/ASX 200 gained 1.3% to 8,525.10.

In South Korea, the Kospi reversed early gains, falling 0.2% to 3,846.06 on heavy selling of automakers.

Taiwan’s Taiex added 0.3% and the Sensex in India was flat.

The future for the S&P 500 rose 0.5% while that for the Dow Jones Industrial Average was up

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