Asian markets were broadly higher on Monday as traders looked forward to the continuation of trade talks between Chinese and American officials in Washington this week.

South Korea’s Kospi

SEU, +0.47%

  jumped 0.7% and the Shanghai Composite index

SHCOMP, +1.79%

  rose 1.6%. Hong Kong’s Hang Seng

HSI, +1.51%

  was 1.7% higher. Australia’s S&P/ASX 200

XJO, +0.33%

  added 0.4%.

Japan’s benchmark Nikkei 225

NIK, +1.81%

  advanced 1.8%. The country said its core machinery orders dropped 0.1% in December from the previous month, beating forecasts of a 1.1% decline. Shares rose in Taiwan

Y9999, +0.80%

  and throughout Southeast Asia.

Among individual stocks, Uniqlo owner Fast Retailing

9983, +3.90%

  jumped in Tokyo trading, as did Bridgestone

5108, +4.96%

  and Japan Steel

5631, +4.81%

 . Oil producers CNOOC

0883, +2.86%

  and PetroChina

0857, +4.22%

  rose in Hong Kong, along with tech companies Sunny Optical

2382, +3.18%

  and Tencent

0700, +1.98%

 . Samsung

005930, +0.00%

  rose in Korea, as did Taiwan Semiconductor

2330, +1.32%

  in Taiwan. Oil companies such as Woodside Petroleum

WPL, +2.76%

 , Beach Energy

BPT, +3.18%

  and Santos

STO, +1.56%

  jumped in Australia

After the markets closed on Friday, China and the U.S. announced plans to resume trade negotiations in Washington, fueling hopes that both countries were edging toward a deal.

“We feel we have made headway on very, very important and difficult issues,” U.S. Trade Representative Robert Lighthizer said, in a meeting with Chinese President Xi Jinping.

Xi expressed hope for “a mutually beneficial and win-win agreement,” according to the official Xinhua News Agency.

Negotiators had just wrapped up two days of talks in Beijing. Investors were worried about progress on thorny issues like Washington’s unhappiness over Chinese technology and trade policies.

A tariffs truce expires March 2 and will leave the U.S. free to more than double import taxes on $200 billion in Chinese goods. President Donald Trump has said he may hold off on these if the country was close to a deal with China.

Optimism surrounding U.S-China trade talks boosted indexes on Friday. The broad S&P 500 index

SPX, +1.09%

  rebounded 1.1% to 2,775.60. The Dow Jones Industrial Average

DJIA, +1.74%

  climbed 1.7% to 25,883.25 and the Nasdaq composite

COMP, +0.61%

  rose 0.6% at 7,472.41. U.S. markets are closed Monday for Presidents Day.

U.S. crude

CLJ9, +0.38%

  added 28 cents to $55.87 per barrel in electronic trading on the New York Mercantile Exchange. It added $1.18 to settle at $55.59 per barrel in New York on Friday. Brent crude

LCOJ9, -0.03%

 , used to price international oils, shed 2 cents to $66.23 per barrel. It picked up $1.68 to $66.25 per barrel in London.

The dollar

USDJPY, +0.05%

  strengthened to 110.53 yen from 110.48 yen late Friday.

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2019-02-17