Asian stocks headed higher on Monday after oil soared 10 percent on Friday and investors speculated the U.S. Federal Reserve and the Bank of Japan will take steps in their meetings this week to calm markets after a turbulent start for the year. The ASX 200 in Australia, home to many metal and energy companies, rose for a third day, gaining 1 percent. The STI in trade-dependent Singapore climbed 1.7 percent, the KOSPI in industry-heavy South Korea rose 0.5 percent and shares in Shenzhen added 1.3 percent. Japan was little changed.
