FXStreet (Mumbai) - Most major Asian markets are seen extending the post-BOJ’s surprise move inspired gains and move further away from multi-month lows. While the Chinese equities are back in the red, snapping Friday’s rebound, on the back of re-emergence of China slowdown fears. Worse than expected China PMI data hurts sentiment The Japanese benchmark index, the Nikkei 225, continues its post-BOJ strong run and rises for the second straight session this Monday. The index climbs +1.80% to 17,833 largely driven by upbeat corporate news and a weaker yen. The telecom stocks led the index higher after NTT Docomo rocketed 11% higher after announcing a share buyback and also after its operating income rose 19% in Q4. Meanwhile, USD/JPY gains 0.12% to 121.27. The Australian markets also tracked its Japanese counterpart higher, although lacked follow-through as some heavy selling is seen in oil and copper prices after the Chinese manufacturing PMI disappointed markets once again. The ASX 200 index now trades +1.08% at 5,059. The official PMI gauge slid to a three-year low of 49.4 in January, from 49.7 a month earlier. While the Caixin PMI came in at 48.4 in January, against 48.2 in December, although remained in contraction. While the Chinese equities are hit by poor macro news as well as lower oil prices, while volumes gradually dry-up as investors head towards the Lunar New Year holidays. The benchmark Shanghai Composite index trades -0.85% at 2,714. Shenzhen’s CSI 300 index drops -0.48%, while China A50 index loses -0.64%. For more information, read our latest forex news.