Asian stock markets mostly gained Monday, following advances on Wall Street on Friday after reports that the U.S. and China are drawing a road map to resolve their trade dispute that may culminate in a meeting between President Donald Trump and President Xi Jinping in November.
Japanese stocks traded in a tight range, as the Nikkei
gave up early gains to end down 0.3% at 22,199.00. Cosmetics maker Shiseido
climbed 1.9% and drug firm Eisai
added 0.4%, while Toyota
In Hong Kong, the Hang Seng
jumped 1.4% to 27,598.02 after snapping a five-day losing streak Friday. Tencent
surged 4.1%, while Wynn Macau
popped 8.9% on a dividend announcement.
Chinese stocks rebounded following their drubbing last week that left benchmarks at fresh multiyear closing lows. The Shanghai Composite
ended at the day’s highs, gaining 1.1% to 2,698.47 after sliding 4.5% last week. Smaller-cap benchmarks in Shenzhen
In Seoul, Korea’s Kospi
ended marginally higher at 2,247.88 as Samsung Electronics
fell 0.6% and steelmaker Posco
Australia’s ASX 200
also notched tiny gains, ending at 6,345.0, held in check by major bank stocks. ANZ
shed 0.8%, Commonwealth Bank
lost 0.9% and Westpac
fell 0.6%. New Zealand’s NZX 50
notched its fourth straight gain, adding 0.6% to 9.109.15, a new closing record.
Benchmarks in Taiwan
posted modest gains while the Singapore
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