Stock indices in Asia opened higher on Monday thanks to progress in trade negotiations between the United States and China, as well as strong momentum from Wall Street.
In Japan, the Nikkei 225 rose more than 2%, surpassing the 50,000 point mark for the first time in history.
Japanese Prime Minister Sanae Takaichi is expected to meet with US President Donald Trump this week during her visit to Japan.
The positive moves in markets followed reports that top U.S. and Chinese trade negotiators had agreed on a framework on several disputed issues, paving the way for Trump and Chinese President Xi Jinping to sign the terms.
Also, South Korea’s Kospi rose more than 2%, surpassing 4,000 points for the first time after reaching a record high on Friday.
For its part, the Shanghai Composite and the Hang Seng, of Hong Kong, rose slightly at the opening and gained 0.53 and 0.78% respectively.
In the United States, Wall Street futures rose Sunday night as investors await an interest rate cut by the Fed and third-quarter reports from big technology companies.
S&P 500 futures and Nasdaq 100 futures gained about 0.7 and 0.9%, respectively, while Dow Jones futures gained 0.6 percent.
