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Asian markets trade mostly higher in early deals on Monday

Most of the Asian equity benchmarks are trading in green in the early deals on Monday after reports said Washington and Beijing are close to reaching an agreement as early as this month to end their costly tariff war. China is offering to lower tariffs on US products in categories ranging from farms to chemicals and autos. Among the other Asian markets, Nikkei, Singapore, Hong Kong, South Korea, Indonesia, and Shanghai are higher. Bucking the trend, Taiwan is in negative territory.

Nikkei 225 added 242.72 points or 1.12% to 21,845.41, Hang Seng jumped 335.47 points or 1.16% to 29,147.64, KOSPI Shares rose 4.84 points or 0.22% to 2,200.28, Straits Times increased 23.64 points or 0.73% to 3,244.04, Jakarta Composite increased 4.59 points or 0.07% to 6,504.47, FTSE Bursa Malaysia KLCI gained 6.79 points or 0.40% to 1,693.97, and Shanghai Composite up by 79.02 points or 2.64% to 3,073.03.

On the flip side, Taiwan Weighted down by 43.84 points or 0.42% to 10,345.33.

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