Stocks in Asia gained on Monday after weekend talks signaled that progress had been made in easing trade tensions between the United States and China.
Benchmark indexes in Japan and South Korea edged higher in early trading on Monday morning. Futures pointed to the S&P 500 gaining more than 1 percent when trading begins in New York.
Meetings in Geneva between U.S. and Chinese officials concluded on Sunday with Scott Bessent, the U.S. Treasury secretary, saying that “substantial progress” had been made. China’s vice premier, He Lifeng, called the talks “candid, in-depth and constructive.” Details are expected to be released on Monday, both sides said.
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