Asian markets settle mostly higher on Monday
Japanese shares gained due to investors' optimism over ongoing trade negotiations
Asian markets settled mostly higher on Monday tracking Wall Street's gains last Friday after a White House official said the US had signed a finalized trade framework with China under the Geneva deal, while hopes of Federal Reserve interest rate cuts also boosted market sentiments. Japanese shares gained due to investors optimism over ongoing trade negotiations, even after data showing Japan's industrial production rose less than expected in May. However, Hong Kong shares dropped after new data showed China's manufacturing activity contracted for a third straight month in June.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,444.43 | 20.20 | 0.59 |
| Hang Seng | 24,072.28 | -211.87 | -0.88 |
| Jakarta Composite | 6,927.68 | 30.28 | 0.44 |
| KLSE Composite | 1,532.96 | 4.80 | 0.31 |
| Nikkei 225 | 40,487.39 | 336.60 | 0.83 |
| Straits Times | 3,964.29 | -1.91 | -0.05 |
| KOSPI Composite | 3,071.70 | 15.76 | 0.51 |
| Taiwan Weighted | 22,256.02 | -324.06 | -1.46 |
