Asian stocks rose on Monday following a strong U.S. session amid optimistic signs on the economy and trade discussions.
Shares in Japan led the way higher, while equities in Australia and South Korea posted more modest advances. News that the U.S. and China had reached consensus in principle on the main topics in their trade negotiations helped boost risk appetite ahead of talks that resume in Washington this week. The S&P 500 Index ended last week at a 10-week high, with exchanges closed Monday for Presidents' Day. The dollar steadied after two days of losses and oil pushed higher.
The MSCI Asia Pacific Index advanced 0.7 percent.
Source : Bloomberg