Chinese companies listed in Hong Kong market led the gains across Asian markets on Monday on hopes Chinese authorities will continue to support and accelerate growth in the city and the US Federal Reserve will leave interest rates unchanged.

Hong Kong's Hang Seng rose 1.6% to 21,796.32 and Tokyo's Nikkei 225 gained 1.6% to 18,005.49. Australia's S&P/ASX 200 rose 2% to 5,150.50 and India's Sensex advanced 1.4% to 26,583.37. South Korea's Kospi added 0.4% to 1,978.25. Taiwan, Singapore, Manila and Jakarta also rose. Markets in mainland China are closed for holidays until Thursday. On Friday, the Dow Jones industrial average gained 1.2% and the Standard & Poor's 500 added 1.4%. The Nasdaq composite rose 1.7%.

The rise comes at an interesting time as the US jobs data prompted expectations the Federal Reserve might postpone an interest rate hike. The Labor Department reported employers added 142,000 workers last month, much lower than the 200,000 anticipated on Wall Street, and hired fewer people in July and August than previously thought.

"The print will completely rule out this month for a rate rise in the U.S.," wrote Evan Lucas, a market strategist at IG, in a note to clients, adding that the figure "will put the December meeting in doubt" as well.

The World Bank downgraded its economic growth forecasts for the East Asia and Pacific region to 6.5% this year from 6.7% previously. China's expected growth rate was cut to 6.9% from 7.1%.

Asian markets are also waiting for news of an agreement on the Trans-Pacific Partnership, a trade pact between the U.S. and 11 other countries being negotiated in Atlanta that will boost trade across the region.