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Asian stock markets crossing higher as China confirms Xi led to G-20



Asian stock markets maintain mild gains early Monday, with cautious bullish optimism that will thaw in US and China trade negotiations.

The Chinese state Xinhua news agency said Sunday that Chinese President Xi Jinping will attend the G-20 Summit in Japan this week, giving the first official confirmation of his meeting at the meeting, where he has been expecting to speak on the sidelines. US President Donald Trump.

Vice President Mike Pence on Friday canceled a planned China speech, probably removing the road for a high level from top to top.

Against that background, Hong Kong's Hang Seng index

HSI, + 0.03%

advanced 0.4%, while China's Shanghai Composite

SHCOMP, -0.04%

strengthened 0.3% and the smaller cap Shenzhen Composite

399106, -0.34%

rose less than 0.1%.

Japanese Nikkei

NIK, + 0.13%

was up 0.1% and South Korea's Kospi

180721, + 0.04%

increased 0.3%. Australias S & P / ASX 200

+ 0.22% [0.2659012] slotted 0.2%.

dollar

USDJPY, + 0.10%

rose to 107.39 Japanese yen from 107.32 yen late in the US Friday. The dollar yen had gone as low as 107,045 on Friday, the lowest level since a flash crash on January 3.

China's offshore yuan

USDCNH, + 0.1399%, rose 0.2%.

Optimism for Asian markets is tracked weekly gains for US stocks, although the major averages were completed lower Friday in between tensions between Iran and the United States. The Dow is heading for its best June for eight decades, when investors cheered the Federal Reserve into a more bold attitude, a move that has helped lift most risky markets.

On Friday, the S&P 500 index became

SPX, -0.13%

fell 3.72 points, or 0.1% to 2,950.46, one day after the big capital index was finished on a record. Dow Jones Industrial Average

DJIA, [0.145%] lost 34.04 points, or 0.1% to 26.719.13. The Blue-chip index had, at some point in the session, moved over its closing high on October 3. Nasdaq Composite Index

-0.24% cast 19.63 points, or 0.2% to 8.031.71.

Nevertheless, all three major goals were up for a third week in a row, with S & P 500 increasing 2.2%, Dow climbing 2.4%, and Nasdaq adding 3%, according to FactSet. And if the market can defend its monthly gains this week, Dow is ready for its strongest June performance since 1938, while the S & P 500 could have its best June since 1955. For Nasdaq, it could be the biggest June jump since 2000. [19659002] Global stock markets also continue to track oil prices

CLQ19, + 1.17%

held on Monday nearly three weeks high here last week.


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