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The MSCI Mingsheng Asia-Pacific (excluding Japan) index rose 0.6% to its highest level since the end of July. China's stock market led the way, with the Shanghai and Shenzhen 300 index. CSI300 up 2.2%.
Hong Kong's Hang Seng Index. HSI rose 1.2%; Korea's Composite Stock Index. KS11 rose 0.7%; Japan's Nikkei Index. N225 rose 1.4%, its highest level since early December.
"With improved economic growth, stable inflation, easing trade tensions and strong or better-than-expected corporate earnings in the first quarter, bulls in the stock market are definitely in a good position," JPMorgan Chase analysts said in a research report.
U.S. stocks closed near record highs on Friday after J.P. Morgan Chase, the largest U.S. bank, released strong results, alleviating fears that first-quarter earnings would dampen Wall Street's strong rebound from last year's deep fall.
Investors also welcomed the positive news of the Sino-US trade negotiations.
"We look forward to a relatively market-friendly Sino-US agreement," Ethan Harris, a global economist at Bank of America and Merrill Lynch, said in a report. "In our view, market and political doubts will curb future disputes. There will be a little fight, not a big battle.
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