Shanghai stocks closed higher on Monday, snapping a six-session losing streak, as worries over trade tensions eased after an agreement between the United States and Mexico to avert a tariff war, and as weak data boosted stimulus hopes.

The blue-chip CSI300 index rose 1.3%, to 3,610.74, while the Shanghai Composite Index gained 0.9% to 2,852.13.

The United States and Mexico struck a deal on Friday, with Mexico agreeing to rapidly expand a controversial asylum programme and deploy security forces to stem the flow of illegal Central American migrants.

Source : Reuters