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Asia stocks set to trade higher as investors watch for US-China trade updates

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Stocks in Asia were set to trade higher at the open on Monday as investors look for further developments on U.S.-China trade.

Chinese Vice Premier Liu He had a phone call Saturday morning with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer regarding a "phase-one" trade deal, Chinese state media outlet Xinhua reported over the weekend.

That came after White House economic advisor Larry Kudlow said late last week the two economic powerhouses were "getting close" to a deal. Market reaction to ongoing turmoil in Hong Kong will also be watched, as the embattled city continues to be rocked by civil unrest that has now lasted for months. Futures pointed to a higher open for Japanese shares. The Nikkei futures contract in Chicago was at 23,350 while its counterpart in Osaka was at 23,360. That compared against the

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