Asian stock markets posted modest gains on Monday even as US-China trade tensions showed no sign of improvement over the weekend. The greenback steadied with Treasuries, while US equity futures slipped.
Tension between Chinese President Xi Jinping and US Vice President Mike Pence quashed optimism that relations would improve at Group of 20 meetings starting next week as the Asia-Pacific Economic Cooperation failed to agree on a joint statement for the first time in its history.
Equities from Tokyo to Hong Kong rose, while Australian shares retreated.
Meanwhile, the S&P 500 Index eked out a gain on Friday and Treasuries held on to the recent rally as shorts reined in their bets.
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