Asian stocks posted modest gains after US and Chinese officials struck an optimistic tone at the end of two days of talks aimed at defusing trade tensions.
Shares in mainland China stood out.A regional stock gauge edged up 0.3%. Hong Kong’s 1% advance and mainland China’s 0.9% move were the biggest gains in the region. US equity-index futures dipped 0.3% as investors searched for details from the talks in London.
Contracts for European equities fell 0.4%. Treasuries steadied ahead of Wednesday’s US inflation reading. A gauge of the dollar strengthened 0.1% and gold rose 0.5%.
The US and China de-escalated trade tensions, agreeing to a preliminary deal on how to implement the consensus reached in Geneva, negotiators for both sides said.
While the full details of their accord weren’t immediately available, US negotiators said they “absolutely expect” that issues around shipments of rare earth minerals and magnets will be resolved with the framework implementation.
