Shares climbed in Asia on Monday, tracking last week’s gains on Wall Street, and analysts said investors were viewing President-elect Donald Trump’s choice of billionaire investor Scott Bessent as his nominee for Treasury secretary as a relatively market-friendly choice.

Trump nominated Scott Bessent to serve as Treasury Secretary over the weekend, a billionaire hedge fund manager who is both respected on Wall Street and seen as a potential offset

Asian stock mostly rose on Friday following gains on Wall Street after market superstar Nvidia and other companies said they’re making even fatter profits than expected.U.S. futures climbed while geopolitical tensions pushed oil prices higher.