· Asian stocks edged up on Monday as Chinese shares reversed early losses, supported by hopes for progress in resolving the U.S.-China trade war, while sterling slipped after the British parliament delayed a crucial vote on a Brexit withdrawal deal.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.25%. Chinese shares .CSI300 advanced 0.31%, while Japan's Nikkei .N225 rose 0.30%.
· Japan’s Nikkei share average edged up and closed at a 10 1/2-month high on Monday on Monday though uncertainty about Britain’s exit from the European Union kept many investors on the sidelines.
The Nikkei share average rose 0.25% to 22,548.90, its highest finish since Dec. 3.
The broader Topix gained 0.41% to 1,628.60, and a broad range of shares rose with advancers outnumbering decliners by a ratio of roughly 7 to 3.
Many investors were away ahead of a Japanese public holiday on Tuesday for the enthronement of Emperor Naruhito, who ascended to the throne in May.
· China stocks closed up on Monday, on hopes China and the United States could sign a trade deal and that Beijing would continue its policy support for the economy.
The blue-chip CSI300 index rose 0.3%, to 3,880.84, while the Shanghai Composite Index added 0.1% to 2,939.62.
U.S. President Donald Trump on Friday said he thought a trade deal between the United States and China would be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on Nov. 16 and 17.
Chinese Vice Premier Liu He said on Saturday that China would work with the United States to address each other’s core concerns on the basis of equality and mutual respect, and that stopping the trade war would be good for both sides and the world.
· European stocks were mostly higher Monday morning as traders wait to discover whether the U.K.’s departure from the European Union will be delayed once again.
The pan-European Stoxx 600 edged 0.2% above the flatline in early trade, banks and insurance stocks gaining more than 1% each while healthcare and household goods both shed 0.4%.
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