Vibrant neon signs and bright street lights glowing above the busy night traffic of taxis, double decker buses and pedestrians along Nathan Road in the crowded Tsim Sha Tsui district of Kowloon, Hong Kong, China.
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Japan’s benchmark Nikkei 225 surpassed the 45,000 mark for the first time, leading gains in Asia-Pacific markets Monday, after President Donald Trump said that the U.S.-China trade negotiations in Spain were progressing well.
The trade talks were overshadowed by a “framework” deal regarding the divestment of Chinese-owned TikTok, announced by Treasury Secretary Scott Bessent Monday. Speaking from Madrid, Bessent noted that the commercial terms have already been settled.
Both U.S. President Donald Trump and Chinese President Xi Jinping will speak on Friday to discuss the terms.
Japan’s Topix gained 0.29% to an all-time high of 3,172.33.
South Korea’s Kospi added 0.63% and the small cap Kosdaq was flat. Australia’s ASX/S&P 200 climbed 0.26%.
Hong Kong’s Hang Seng Index was set to open higher, with the futures contract at 26,523 against the index’s last close of 26,446.56.
Overnight in the U.S., major averages closed higher as investors braced for a key Federal Reserve meeting this week.
The S&P 500 climbed 0.5% to 6,615.28, marking its first close above 6,600. The Nasdaq Composite also advanced to a new all-time high, rising 0.9% to 22,348.75. The Dow Jones Industrial Average eked out a small gain, gaining 49.23 points, or 0.1%, to end the day at 45,883.45.
— CNBC’s Sarah Min and Pia Singh contributed to this report.
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