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Asia: Markets mixed as focus moves to China-US pact

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Taipei rose 0.4 per cent after Tsai Ing-wen won a landslide victory at the weekend and was returned as the island's president for a second term, with investors cheering the removal of uncertainty caused by the election.

Among other bourses, Shanghai fell 0.4 per cent, Sydney shed 0.6 per cent and Wellington slipped 0.2 per cent. Tokyo is closed for a holiday.Focus this week is on Washington, where China and the United States will finally put pen to paper on their much-vaunted"phase one" trade deal, which has lowered tensions between the economic superpowers and boosted hopes for the global economy.

"Provided the deal inks a commitment from China to increase agricultural products and outlines a dependable enforcement mechanism, the market will go merrily along the way," said AxiTrader's Stephen Innes.

 

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