Broadly Positive Sentiment In Asian Bourses

Stock markets in Asia traded on a mostly positive note on Monday amidst signs of diplomatic progress between the U.S. and Iran. Strength in AI and chip companies boosted stock prices. Hawkish signals from the Federal Reserve as well as the conflict in Lebanon limited gains.

China’s Shanghai Composite Index jumped 1.8 percent from the previous close of 4,090.48 to finish trading at 4,163.10. The day’s trading ranged between 4,070.17 and 4,164.42. The index has gained close to 24 percent over the course of the past year.