Global Markets Today: Japan’s Nikkei 225 crossed the 50,000 mark for the first time on Monday, leading regional gains as investors welcomed progress in U.S.-China trade negotiations and positive cues from Wall Street. The benchmark index advanced more than 2 per cent, while the Topix climbed 1.61 per cent.

South Korea’s Kospi surged 1.83 per cent after reaching an all-time high on Friday, and the Kosdaq gained 0.72 per cent.

Across the Asia-Pacific, markets traded higher after senior U.S. and Chinese trade officials established a framework addressing several contentious issues, setting the stage for Presidents Donald Trump and Xi Jinping to finalize the agreement.

Futures for Hong Kong’s Hang Seng Index signaled a stronger opening, trading at 26,256 compared with the previous close of 26,160.15, while Australia’s S&P/ASX 200 opened 0.54 per cent higher.

(This is a developing story)

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