Asian stocks on Monday had seen a rise mostly by the time the markets closed as the investors are looking forward to the trade deal which is scheduled to take place between China and United States.
The markets in Mainland China had seen a jump by the time the trading closed. The Shanghai composite has seen a rise by 0.75% as it closed at a level of 3,115.57 while the Shenzhen composite saw a jump of 1.36% and the Shenzhen component had seen a jump of 1.47%.
The index of Hong Kong has also seen a jump of 1.11% in the last hour of trading.
The Kospi in South Korea had also seen a jump of 1.04% with the stocks of cosmetics notching major gains up. The markets of Japan had been closed for a Monday holiday.
The stocks of gold in Australia had seen a rally on this Monday as they erased the losses of last week after the prices fell with the risks of escalation between United States and Iran declining.
The president of Taiwan, Tsai Ing-wen has seen a reelection leading to a jump in the stocks post the weekend elections. She had beaten her major opponent Han Kuo-Yu who was in said to be in support of closer ties with China by over 2.6 million votes. This might though fuel some tensions with their neighbors China as they are under pressure from Chinese for accepting their rule and have been threatened by way of the economic inducements.
In the meantime, the stock exchange in Philippines had to suspend their trading off on Monday post the flight cancellations and school shut downs due to volcano eruptions in Manila
