Stocks rise in Tokyo and Sydney, as most Asian markets closed for holiday

Shares advanced Monday in Tokyo and Sydney while most Asian markets were closed for May 1 holidays.

Tokyo’s Nikkei 225 index JP:NIK added 0.8% and the S&P/ASX 200 AU:XJO in Sydney advanced 0.6%. Other markets in the region were closed.

The traditional Labor Day holidays around the globe likely limited initial market reactions to a delay in…