Asia-Pacific stocks mostly climbed after China’s central bank and financial regulators announced sweeping plans to cut key interest rates in an effort to shore up growth in the face of trade worries.
In Japan, the Nikkei 225 docked 51.03 points, or 0.1%, to 36,779.66.
In Hong Kong, the Hang Seng gained 29.17 points, or 0.1%, to 22,691.88.
CHINA
In China, the CSI 300 added 23.09 points, or 0.6%, to 3,831.63.
U.S. Treasury Secretary Scott Bessent and trade representative Jamieson Greer are set to meet with their Chinese counterparts this week.
Bessent and Greer are set to hold talks with Chinese officials in Switzerland this week to address trade and economic issues.
The discussions mark a potential turning point in de-escalating the trade tensions ignited by Trump, who last month raised tariffs on Chinese goods to 145% while easing levies on most other countries. In response, China imposed heavy tariffs on U.S. products.
In other markets
In Korea, the Kospi index moved ahead 14.01 points, or 0.6%, to 2,573.80.
In Singapore, the Straits Times Index nicked ahead 4.96 points, or 0.1%, to 3.865.37.
In Taiwan, the Taiex Index added 23.9 points, or 0.1%, to 20,546.49.
In New Zealand, the NZX 50 jumped 75.8 points, or 0.6%, to 12,496.89.
In Australia, the ASX 200 recovered 26.88 points, or 0.3%, to 8,178.32
