Asian stocks rose on Monday following two consecutive weeks of declines as easing trade tensions between the US and China bolstered sentiment.
The MSCI Asia Pacific Index advanced 1.4%, with gains in China and Hong Kong. The Nikkei 225 index jumped 2.8% as leaders of Japan’s ruling Liberal Democratic Party and the opposition Ishin party reachedBloomberg Terminal an agreement to form a coalition, public broadcaster NHK reported. The yen weakened against the dollar.