Asian Stocks Finish Higher Monday

Updated from 4:40 a.m. EST

Asian stocks closed higher Monday as South Korea announced plans to pump 14 trillion won ($10.8 billion) into its economy to help avoid a recession.

The Kospi index in South Korea finished up 1.4% as the country unveiled a package that will include spending 4.6 trillion won on regional infrastructure and provide 3 trillion won in tax benefits, mainly extending tax breaks on investment in factories, Finance Minister Kang Man Soo said, according to a Bloomberg report.

The Hang Seng index in Hong Kong rose 2.7%, while the S&P/ASX 200 index in Australia closed higher by 5.1%. ...