Asian stock markets mostly rose on Monday morning, boosted by global demand for artificial intelligence technology and positive signals from trade talks over the weekend between Chinese and US officials.
“Scott Bessent and Chinese Vice Premier He Lifeng have already laid the groundwork in New York, with trade, investment and artificial intelligence on the table, but this is not a market waiting for a grand bargain,” wrote Stephen Innes at Quintex Intel.
South Korea’s tech-heavy benchmark surged 1.5 percent, while shares in Shanghai gained 0.5 percent. Hong Kong – Hang Seng Index: UP 0.5 percent at 24,875.93 Tokyo was closed for a public holiday, while Sydney’s main index was down slightly.
Hong Kong’s main index was up half a percent one hour after trading started on Monday morning.
That followed earlier tightening this month by the European Central Bank and the US Federal Reserve. In a widely expected move, the Bank of Japan raised interest rates on Friday to a three-decade high, but the yen sank against the dollar on fears the pace of hikes might be slower than expected.
