Asian Shares mostly rose on Monday

Asian shares mostly rose by the close on Monday as investors await the signing of a phase-one trade deal between the U.S. and China.

Asian Shares

  • Mainland China markets jumped by the close.
  • The Shanghai composite rose 0.75% to close at 3,115.57.
  • The Shenzhen composite jumped 1.36% to 1,822.35.
  • The Shenzhen component was up 1.47% to 11,040.20.
  • In South Korea, the Kospi rose 1.04% to close at 2,229.26, with cosmetics stocks notching significant gains. Japan’s markets are closed for a holiday on Monday.
  • MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.69%, after hitting its highest since 2018 last week.
  • Australia’s S&P/ASX 200 bucked the trend, declining 0.37% to close at 6,903.70.

Currency Markets

  • The euro was little changed at $1.1124.
  • The British pound declined 0.5% to $1.300.
  • The offshore yuan strengthened 0.3% to 6.8953 per dollar.

Bonds

  • The yield on 10-year Treasuries increased one basis point to 1.83%.
  • The yield on two-year Treasuries gained one basis point to 1.58%.
  • Germany’s 10-year yield rose one basis point to -0.19%.

Commodities

  • West Texas Intermediate crude declined 0.2% to $58.94 a barrel.
  • Gold fell 0.6% to $1,552.44 per ounce.

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