Asian stocks opened higher on Monday following two consecutive weeks of declines as easing trade tensions between the world’s largest economies bolstered sentiment.
The MSCI Asia Pacific Index rose 0.6% with the Nikkei 225 index jumping 2.4% after the region’s equities fell on Friday amid concerns over US regional banks. A gauge of the dollar edged up, while oil steadied after a third weekly decline. US equity futures edged up and gold fell 0.3%. Treasuries slipped with the yield on the 10-year gaining one basis point to 4.01%.