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Asian markets got off to a good start on Monday, as investors saw a rebound in Chinese exports, encouraging US signals on trade talks and strong Wall Street results.
China's CSI 300 gained 2%, thanks to financial, industrial and consumer stocks. The left – wing movement took the index to less than 1% from the one – year high that it hit last Monday, before falling by the end of the week. Data released on Friday showed a rebound in Chinese exports, while new bank borrowings in the country also exceeded expectations in March.
The increase was mirrored by the Hang Seng index in Hong Kong, which rose 1% in morning trading.
Earlier in the day, the Tokyo Topix index reached its highest level in 2019, registering an increase of 1.5%.
Investors will have been caught off guard over the weekend by signs that the US is willing to respond to Beijing's demand for a "two-way" enforcement mechanism for a future deal. US Treasury Secretary Steven Mnuchin said on Saturday that the United States is ready to face "repercussions" if it does not respect a possible trade deal, as the two countries begin the final phase of the talks. negotiations to resolve their longstanding trade dispute.
The Australian S & P / ASX 200 was the region's only weak spot, down 0.1% from the quarterly production numbers of miners and oil companies later this week.
Strong bank profits allowed the S & P 500 to close up 0.7% on Friday.
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- Indonesian trade balance
- Wholesale price inflation in India
- Ghana's GDP
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Markets Briefing is an overview of global markets, updated throughout the trading day by Financial Times journalists in Hong Kong, New York and London. Return of information? Write in the comments below or send us an email.
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