Market Rally Across Asia

Asia-Pacific markets experienced a significant uptick on Monday, fueled by growing optimism that the ongoing trade tensions between the United States and China might see a resolution. This sentiment was bolstered by recent discussions between the two economic powerhouses in Geneva.

Key Market Movements

South Korea's Kospi saw a 0.60% increase, while Hong Kong's Hang Seng jumped by 1.46%. Japan's Nikkei 225 remained steady, and in mainland China, the Shanghai Composite and Shenzhen Composite rose by 0.84% and 1.45%, respectively. Australia's S&P/ASX 200 also enjoyed a 0.33% gain.

Currency Fluctuations

In currency markets, the dollar strengthened against the yen, trading 0.35% higher.