HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose on Monday, as worries over a potential Sino-American trade war eased after the two nations agreed not to impose import tariffs on each other for now.
The Nikkei Asia300 Index rose 0.3% to 1,407.59, after a 1.3% drop last week. On Sunday, U.S. Treasury Secretary Steven Mnuchin said the trade war between the nation and China was on hold, shortly after officials from both countries met in Washington to discuss bilateral trade. The comments follow weeks of back and forth between the world's largest economies as they slapped punitive trade tariffs on each other