U.S. dollar tanks in Asian trading, stocks move moderately higher

SYDNEY, NSW, Australia - Stocks in Asia were mostly moderately higher at the close Monday, while the U.S. dollar was in retreat.

In Japan, the Nikkei 225 advanced 262.49 points or 0.98 percent to 27,001.52.

The Australian All Ordinaries shrugged off the weekend change of government, and the swearing-in of new Prime Minister Anthony Albanese on Monday, rising 7.90 points or 0.11 percent to 7,398.90.

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