Asia opens higher on US-China trade hopes

Asian stocks opened the week on green leading the Chinese stock indexes gains on Monday in accordance with the increased optimistic expectations for the progress of trade talks between Washington and Beijing and following the expansion of the trade truce between the world's largest economies as part of efforts to dissolve trade disputes between the parties and pave the way for a trade deal to avoid the trade war.

This comes on threshold of the upcoming meeting of US President Donald Trump with Chinese President Xi Jinping later this month in Washington, The Wall Street Journal reported on Sunday that the United States and China "In the final stage of completing a trade deal" with Beijing's offer to reduce the tariff on US products ranges from chemicals to cars and the United States is thinking of repealing most of the tariffs that have been imposed on Chinese products last year if not all, according to the newspaper.

The Japanese stocks rose today, with Japan's TOPX gains 0.44% to hit 7.18 points, reaching the level of 1,622.90, the Nikkei 225 index was up 0.83%, gains 179.43 points to 21,782.12.

China's Indexs also rose, with the CSI 300 rising 1.89% to 70.69 points and reach 3,820.40. The Shanghai Composite Index rose 1.69% to 50.45 points and reaching 3,044.46.

Hong Kong's Hang Seng Index rose 0.25% to 71.32 points to 28,883.49. South Korea's Kospi Index rose 0.21%, gain 4.56 points to 2,200.00.

The NZX 50 index of New Zealand shares rose by 0.45% to 42.35 points reacheing 9,394.03. On the other hand, the S&P / ASX 200 index of Australian shares rose by 0.43% to win 26.77 points to reach the level of 6,219.50.