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Asian stock markets were up sharply Monday morning, building on strong gains the week before as hopes of US-China trade continue to grow.
Chinese stocks were among the best performing in the region with the Shanghai Composite
SHCOMP, -0.05%
nearly 1%, with large caps still in the lead. They rose more than 1% after the market in general jumped 5% to start in April. Shenzhen
399,106, -0.55%
benchmark indexes are lagging, with the composite index up 0.8% and the startup's heavyweight, ChiNext, up only 0.1% higher.
Moutai Alcohol Maker
600519, + 4.07%
hit record highs after being updated in the first quarter as a counterpart
600779, + 3.40%
umps 6.5% as Diageo
WD -0.09%
builds his participation. At the same time, petrochemical inventories are rising sharply, stimulated by sector-wide repression following a recent accident.
Hong Kong shares rose at a more moderate pace. The Hang Seng index
HSI, + 0.47%
was up 0.3% while China Enterprises index
HSCEI, + 0.87%
is 0.9% higher. Insurers have started well, with Ping An
601318, + 0.49%
up more than 1.5% and to new highs while AIA
1299 + 0.00%
climbed 1.25%. Developers Country Garden and China Overseas Land are up about 1.5%, as is the Internet heavyweight Tencent
7:00 + 1.12%
. And the big CNOOC tanker
0883, + 3.47%
climbed 2% as crude prices continue to reach 5-month highs
New Zealand and Singapore are two notable exceptions. L & # 39; former
NZ50GR, -0.51%
is set for a series of 4 losses after a record series, while
IST -0.30%
Enchmark is also down about 0.25% after 7 consecutive wins.
Nikkei from Japan
NIK -0.21%
, meanwhile, has changed little with the morning strength of the yen. Elsewhere, there are gains of about 0.5% in Australia and Taiwan, which has experienced a weekend of 4 days, outperforming with a 0.8% advance of Taiex. S & P 500 futures contracts reached their lowest level after Friday's gains and are down 0.1%.
This story was compiled from reports from Dow Jones Newswires.
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