Asian markets rose in early trading Monday as investors awaited an update on the state of ongoing trade negotiations between the U.S. and China.
A report over the weekend said the proposed summit between President Donald Trump and China’s President Xi Jinping to sign a agreement ending the trade war may be pushed back to June as the deal is taking longer than originally hoped to finalize.
Japan’s Nikkei NIK, +0.59% advanced 0.6% and Hong Kong’s Hang Seng Index HSI, +0.73% rose 0.9%. In mainland China, the Shanghai Composite SHCOMP, +1.26% gained 1.1%, about the same as the smaller-cap Shenzhen Composite 399106, +1.33% . South Korea’s Kospi SEU, +0.02% was about flat, while benchmark indexes in Taiwan Y9999, +0.46% , Singapore STI, +0.41% and Indonesia JAKIDX, +0.75% rose slightly. Australia’s S&P/ASX 200 XJO, +0.02% rose slightly.
Among individual stocks, Rakuten 4755, +2.70% , SoftBank 9984, +1.85% and Nintendo 7974, +1.96% all rose in Tokyo trading. Tech companies Tencent 0700, +2.12% and Sunny Optical 2382, +2.44% gained in Hong Kong, while Samsung 005930, -1.24% fell in South Korea. Rio Tinto RIO, +1.73% and Fortescue Metals FMG, +4.55% advanced in Australia.
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