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Asia Markets: Asian stock markets tick higher as China confirms Xi headed to G-20

Asian stock markets put up mild gains early Monday, with cautious bullish optimism emerging for a thaw in U.S.-China trade talks.

The Chinese state-run Xinhua news agency said Sunday that China’s President Xi Jinping will attend the G-20 summit in Japan this week, giving the first official confirmation of his attendance at the meeting, where he has been expected to talk on the sidelines U.S. President Donald Trump.

Vice President Mike Pence on Friday called off a planned China speech, presumably to clear the way for a high level head-to-head.

Against that backdrop, Hong Kong’s Hang Seng Index HSI, +0.23% advanced 0.4%, while China’s Shanghai Composite SHCOMP, -0.09% firmed 0.3% and the smaller-cap Shenzhen Composite 399106, -0.29% rose less than 0.1%.

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