Mumbai, Jan. 5 -- Asian stocks advanced on Monday despite rising geopolitical tensions and concerns over sluggish demand in China.

Investors also shrugged off U.S.-Venezuela tensions and shifted focus to upcoming U.S. economic data that could influence Federal Reserve policy.

U.S. 10-year bond yields were steady ahead of December's jobs report along with JOLTS and ADP employment figures, ISM PMIs, and the Michigan consumer confidence survey results due this week.

Oil prices fell after OPEC+ decided to keep output unchanged through the first three months of the year.

China's Shanghai Composite index surged 1.38 percent to 4,023.42 despite fresh signs of slowing business growth. A private sector survey showed today that China's services...