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