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
NIK, -0.08%
gave up early gains to end down 0.3% at 22,199.00. Cosmetics maker Shiseido
4911, -0.26%
climbed 1.9% and drug firm Eisai
4523, +0.48%
added 0.4%, while Toyota
7203, -0.50%
fell 0.6%.
In Hong Kong, the Hang Seng
HSI, +0.11%
jumped 1.4% to 27,598.02 after snapping a five-day losing streak Friday. Tencent
0700, -0.80%
surged 4.1%, while Wynn Macau
1128, +0.00%
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
SHCOMP, +0.85%
ended at the day’s highs, gaining 1.1% to 2,698.47 after sliding 4.5% last week. Smaller-cap benchmarks in Shenzhen
399106, +0.55%
added 0.6%.
In Seoul, Korea’s Kospi
SEU, +0.52%
ended marginally higher at 2,247.88 as Samsung Electronics
005930, +1.60%
fell 0.6% and steelmaker Posco
005490, +0.16%
gained 2.6%.
Australia’s ASX 200
XJO, -0.88%
also notched tiny gains, ending at 6,345.0, held in check by major bank stocks. ANZ
ANZ, -1.43%
shed 0.8%, Commonwealth Bank
CBA, -0.33%
lost 0.9% and Westpac
WBC, -1.96%
fell 0.6%. New Zealand’s NZX 50
NZ50GR, -0.22%
notched its fourth straight gain, adding 0.6% to 9.109.15, a new closing record.
Benchmarks in Taiwan
Y9999, +0.52%
and Malaysia
FBMKLCI, +0.19%
posted modest gains while the Singapore
STI, -0.30%
index slipped.
Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.
