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.
advanced 0.6% and Hong Kong’s Hang Seng Index
rose 0.9%. In mainland China, the Shanghai Composite
gained 1.1%, about the same as the smaller-cap Shenzhen Composite
. South Korea’s Kospi
was about flat, while benchmark indexes in Taiwan
rose slightly. Australia’s S&P/ASX 200
Among individual stocks, Rakuten
all rose in Tokyo trading. Tech companies Tencent
and Sunny Optical
gained in Hong Kong, while Samsung
fell in South Korea. Rio Tinto
and Fortescue Metals
advanced in Australia.
Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.