Seoul, too, ended more than 2 per cent higher, surpassing the 4,000 mark for the first time, with tech titan Samsung gaining more than 3 per cent and chipmaker SK hynix jumping nearly 5 per cent.
Hong Kong, Shanghai, Taipei, Singapore and Sydney also made gains, though Jakarta and Manila fell.
In Europe, London and Frankfurt opened with gains, while Paris dipped into the red.
The positive sentiment follows a strong finish on Wall Street Friday, after benign US inflation data set the stage for another Federal Reserve interest rate cut.
Trump expressed confidence about reaching a comprehensive agreement with Beijing. “They want to make a deal and we want to make a deal,” he told reporters Sunday in Kuala Lumpur.
“The assumption, of course, remains that that is just a negotiating gambit, with this week’s talks leading to a restoration of the ‘status quo’ and a truce between the two nations,” said Michael Brown of Pepperstone.
The Republican president is on a five-day Asia tour that includes stops in Malaysia, Japan and South Korea, with trade deals topping the agenda at every destination.
Futures for US copper surged on the trade deal optimism, bolstering the outlook for global demand.
The breakthrough came after months of escalating tensions, with Trump threatening the massive tariff hike in response to China’s October expansion of rare earth export controls – a move Washington called “economic coercion”.
Under the framework deal, China would defer its rare earth restrictions “for a year while they reexamine it”, Bessent said.
Source: CNA
