Shanghai urban skyline and the bund, China.
Comezora | Moment | Getty Images
Asia-Pacific markets rose higher Monday as investors await further stimulus measures from China as well as developments in trade negotiations between the U.S. and countries in the region.
Over the weekend, China’s finance minister Lan Fo’an said that the Asian powerhouse will “adopt more proactive macroeconomic policies to promote the realization of the expected growth target for the whole year and continue to bring stability and momentum to the global economy,” according to a Google translation of a statement posted on the ministry’s website.
Chinese authorities, including the People’s Bank of China, are slated to hold a press conference later in the day.
Investors are also keeping tabs on developments in trade negotiations between the U.S. and countries in the region, after U.S. President Donald Trump indicated that another pause to his “reciprocal tariffs” was unlikely, according to Bloomberg reports.
Japan’s benchmark Nikkei 225 added 0.82% at the start of the day, while the broader Topix index advanced 1.11%.
In South Korea, the Kospi index began the day 0.32% higher while the small-cap Kosdaq increased 0.29%.
Australia’s S&P/ASX 200 rose 0.44% in early trade.
— CNBC’s Lisa Kailai Han and Sean Conlon contributed to this report.
