Tokyo — Asian stocks edged higher on Monday as Chinese shares reversed early losses due to hopes for progress in resolving the US-China trade war and expectations for greater investment inflows into Hong Kong.
Oil futures fell as lingering economic growth concerns and excess supplies of crude prompted speculators to trim their long positions. “We’ve had some positive news from Liu, and allowing Chinese investors direct access to dual-listed Hong Kong shares is a another positive,” said Sean Darby, global equity strategist at Jefferies in Hong Kong.
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