Low-sulfur fuel oil (LU) front-month contract is up more than 2.00% intraday, trading at 5,220.00 yuan/ton.

Japan's TOPIX advanced more than 3%.

European Investment Bank president Nadia Calvino said on Monday that recent US market turbulence is driving capital into Europe and she expects the trend to continue. Demand for EIB bond issuance is very strong and she expects it to persist into January. She warned that current financial-market volatility makes it vital to keep Europe a safe haven, said Lagarde’s successor is expected to continue her policies and approach, and stressed preserving ECB decision-making independence is crucial.