Global markets rose on Monday, with several stock indexes in the Asia-Pacific region adding more than 2% and S&P 500 futures rising, suggesting U.S. markets could also gain ground later in the day.

By late morning in Hong Kong, Australia’s benchmark S&P/ASX 200 index had gained 2.9%. Japan’s Nikkei 225 rose 2.6%, and South Korea’s Kospi Composite advanced 2.2%. The local benchmark Hang Seng Index rose 1%

E-mini S&P 500 futures rose 3%. The yield on the 10-year U.S. Treasury note rose to 0.624%, up from 0.587% on Friday.

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