Asian shares neared nine-month highs on Monday

Asian shares neared nine-month highs on Monday after U.S. Treasury Secretary Steven Mnuchin said he hoped U.S.-China trade talks were approaching a final lap, while strong Chinese export and bank loan data boosted confidence in the global economy.

Asian Shares  

  • MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.4 percent.
  • Chinese shares were buoyant, with the blue-chip CSI300 index rising 0.6 percent.
  • Hong Kong’s Hang Seng added 0.3 percent.
  •  South Korea’s KOSPI rose 0.5 percent.
  • Japan’s Nikkei also joined the party, gaining 1.4 percent to close at its highest since early December.

Currency Markets

  • The Australian dollar, which is often used as a proxy for China plays, was a tad softer at $0.7173.
  • The euro was a tad firmer at $1.1309.

Commodities

  • Brent breaking through the $70 threshold.
  • Brent crude oil futures was last off 23 cents at $71.32
  • Crude futures, the U.S. benchmark, eased 33 cents to $63.56.

Source

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