Investors continue to buy on tiny signs that China is easing up on its zero-Covid stance, but newly relaxed rules have yet to be put to the test.
It was a generally down day for Japanese stocks, but soccer fans woke with a rising sun and a smile.
The day's initial focus was on the Alibaba entrepreneur's extended stay in Japan before word broke that China's former president has died at 96.
Chinese stocks moved lower Monday as protestors demand an end to harsh anti-Covid measures -- and, in Shanghai, the end of Communist rule.
Cities that have been trying opening-up experiments have shifted into reverse, scaring the China bulls.
Chipmakers need to diversify their production bases, which for better or worse will impact Taiwan, current center of the chip fabrication sector.
On the sidelines of the G20 Summit in Bali, Xi and Biden shook hands and shared warm smiles, which could help thaw a frozen relationship.
The hint of easing inflation has produced a spike in Asia's most-battered market, with a tweak of China's Covid quarantine rules thrown in for good measure.
The notion that China will ease its zero-Covid policy spurs stocks higher even though there's no indication from the government of a pending change.
Plus, the German chancellor was in Beijing, and an SEC audit team reportedly wrapped up on-site inspections of several Chinese companies.