Stocks in Asia rose overnight ahead of the second round of trade talks between Washington and Beijing, due in London later today.
The Nikkei (^N225) rose 0.9% on the day in Tokyo, as the Japanese economy contracted by 0.2% in the first quarter, while the Hang Seng (^HSI) climbed 1.4% in Hong Kong.
The Shanghai Composite (000001.SS) was 0.4% up by the end of the session despite the government reporting that exports slowed in May.
They grew 4.8% from a year earlier after a jump of more than 8% in April. Exports to the US fell almost 10% compared to the previous year.
China also reported a 0.1% year-on-year fall in consumer prices in May, marking the fourth consecutive month of deflation.
In South Korea, the Kospi (^KS11) added 1.6% on the day, while Australia’s market was closed for a public holiday.
On Friday, stocks gained ground on Wall Street following a better-than-expected report on the US job market. The gains were broad, with every sector in the S&P 500 (^GSPC) rising.
This solidified a second consecutive winning week for the benchmark index, which has rallied back from a slump two months ago, within striking distance of its record high.
The S&P 500 rose 1% to 6,000.36, the Dow Jones (^DJI) gained 1% to 42,762.87, while the Nasdaq (^IXIC) gained 1.2% to 19,529.95.
SNP – Delayed Quote • USD
At close: 6 June at 17:00:02 GMT-4