Asian stocks rose broadly on Monday amid revived hopes for progress in trade talks and expectations of further stimulus from China.
U.S. Treasury Secretary Scott Bessent said the Trump administration is working on bilateral trade deals with 17 key trading partners, not including China, and that the latter needs a de-escalation.
Oil prices were little changed in Asian trade and gold fell over 1 percent below $3,300 per ounce as the dollar strengthened on easing Sino-U.S. tensions.
China's Shanghai Composite index slipped 0.2 percent to 3,288.41 as investors awaited the details of new stimulus from a key economic policy meeting.
China's finance minister Lan Fo'an said the country will take measures to achieve its annual economic growth target of around 5 percent despite escalating trade tensions.
Hong Kong's Hang Seng index finished marginally lower at 21,971.96 as China denied any talks with the U.S. over tariff exemptions, calling out Washington for 'misleading' the public.