The Kannai and Chukagai district at night, the hub of Yokohama’s Chinese district and thriving Chinatown entertainment and business district, full of shops, cafes, and restaurants.
Copyright Artem Vorobiev | Moment | Getty Images
Asia-Pacific markets rose Monday over optimism that U.S.-China trade tensions could de-escalate following the superpowers’ talks in Switzerland over the weekend.
Both countries alluded to a positive conclusion of the high-stakes trade talks, with U.S. officials touting a deal to reduce its trade deficit, while Chinese leaders said that they have arrived at an “important consensus.”
U.S. Treasury Secretary Scott Bessent noted that the talks yielded “a great deal” of productivity. Meanwhile, Chinese Vice Premier He Lifeng said a joint statement containing “good news for the world” would be released on Monday.
Mainland China’s CSI 300 index climbed 0.42% in early trade, while Hong Kong’s Hang Seng Index gained 0.86%.
Japan’s benchmark Nikkei 225 added 0.29% while the broader Topix index was flat.
In South Korea, the Kospi index advanced 0.59% while the small-cap Kosdaq added 0.47% in choppy trade.
Over in Australia, the benchmark S&P/ASX 200 increased 0.4%.
Investors will be keeping a watch on Indian stocks, following India’s ceasefire with Pakistan over the weekend. The arch rivals were involved in intense firing – the worst in nearly three decades – with missiles and drones being fired at each other’s military installations.
U.S. futures jumped as investors await further details on the trade deal between the U.S. and China.
This comes after declines in the three key benchmarks on Wall Street in last Friday’s session.
The 30-stock Dow Jones Industrial Average lost 119.07 points, or 0.29%, and settled at 41,249.38. Meanwhile, the broad-based S&P 500 inched down 0.07%, closing at 5,659.91, while the Nasdaq Composite ended the session little changed, ending at 17,928.92.
— CNBC’s Yun Li, Fred Imbert, Pia Singh and Brian Evans contributed to this report.
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