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Asia Markets: Asia markets get off to smooth start after last week’s rough patch

Asian stocks began the week on a calm note after a late rally Friday on Wall Street and the worst week in years for many global stock benchmarks.

Korea’s Kospi SEU, +0.73% rose 0.5% in Monday’s opening minutes. It skidded 6.4% last week, the most since May 2012. New Zealand’s benchmark NZ50GR, +0.01% , which last week suffered a 3.8% decline, its biggest since May 2010, was last up 0.08%.

Australia’s S&P/ASX 200 XJO, -0.51% fell a further 0.6% after last week’s 4.6% slide, the most in two years. Oil stocks there weakened 1.5% after slumping 9.8% last week, weighed as a jump in U.S.

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