Asian Shares Climb to 3-Month High

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.5% for its third straight day of gains to the highest since late July.

Leading the gains were Chinese and Hong Kong shares. The CSI300 .CSI300 of blue-chip mainland shares were up 0.6% and Hong Kong's Hang Seng index .HSI jumped 1.0%.

Japan's Nikkei .N225 was also upbeat, rising 0.3% to a one-year high.

The gains came after a positive session in U.S. and European markets on Friday.

European shares are expected to edge up, with pan-European Euro Stoxx 50 futures STXEc1 and German DAX futures FDXc1 traded up slightly ahead of European trade.

U.S. and Chinese officials are “close to finalising” some parts of a trade agreement after high-level telephone discussions on Friday, the U.S. Trade Representative’s office and China’s Commerce Ministry said, with talks to continue.

U.S. President Donald Trump has said he hopes to sign the deal with China’s President Xi Jinping next month at a summit in Chile.

The protracted trade war between the world’s largest economies has hurt manufacturing activity, exports and business confidence globally while denting profits of many major industrial firms.

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