Asian stocks opened higher on Monday following two consecutive weeks of declines as easing trade tensions between the world’s largest economies bolstered sentiment. Shares in Japan and South Korea rose, while Australia dipped, after the region’s equities fell on Friday amid concerns on US regional banks. Also, one of China’s most important meetings begins on Monday. Chinese President Xi Jingping and other ruling Communist Party Elites will gather in Beijing to map out goals for the next five years. For more, we heard from heard from Fabien Yip, IG International Market Analyst. Yip spoke to Bloomberg’s Shery Ahn and Annabelle Droulers.
Plus – Lawmakers in the Japan Innovation Party (Ishin) are set to meet this afternoon to decide whether to form an alliance with the ruling Liberal Democratic Party that would likely lead to Sanae Takaichi becoming the country’s first female prime minister. A gathering of Ishin lawmakers from both houses of parliament that begins at 2 p.m. in Tokyo may be followed by a meeting between Takaichi and Ishin leaders in the evening to confirm the alliance before a vote in parliament tomorrow to elect a prime minister, national broadcaster NHK reported. For more perspective, we heard from Nicholas Smith, CLSA Japan Strategist. He spoke to Bloomberg’s Annabelle Droulers and Shery Ahn.
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