Chinese stocks rise on gains from Apple suppliers and a phone call between Xi and Trump.
At the close, the Shanghai index was up 0,22%.
Reuters Chinese stocks advanced on Monday, led by gains in shares of Apple suppliers and chipmakers, as investors digested positive signs from negotiations between the United States and China.
At the close, the Shanghai index rose 0,22%, while the CSI300 index, which tracks the largest companies listed in Shanghai and Shenzhen, advanced 0,46%. The Hang Seng index in Hong Kong fell 0,76%.
US President Donald Trump said that he and Chinese President Xi Jinping have made progress on a deal regarding TikTok and will meet in person in six weeks in South Korea to discuss trade, illicit drugs, and Russia's war in Ukraine.
"These developments suggest that news from the U.S. and China will likely remain stable or improve in the coming months," Goldman Sachs said in a note.
Boosting markets on Monday, the electronics sector rose 4,3% and the information technology sector gained 4,1%, hitting a five-year high, with Apple suppliers advancing on news that OpenAI signed an agreement with Luxshare to manufacture a consumer device.
The chip sector rose 3,3% and the AI sector increased by 2%, also boosting the market.
In TOKYO, the Nikkei index advanced 0,99% to 45.493 points. In HONG KONG, the Hang Seng index fell 0,76% to 26.344 points. In SHANGHAI, the SSEC index gained 0,22% to 3.828 points. The CSI300 index, which includes the largest companies listed in SHANGHAI and SHENZHEN, advanced 0,46% to 4.522 points. In SEOUL, the KOSPI index appreciated 0,68% to 3.468 points. In TAIWAN, the TAIEX index registered a rise of 1,18% to 25.880 points. In SINGAPORE, the Straits Times index depreciated 0,12% to 4.297 points. In SYDNEY the index The S&P/ASX 200 advanced 0,43%, to 8.810 points.
