Asian markets rallied Monday following positive weekend talks between US and Chinese officials in Geneva. Benchmark indexes in Japan and South Korea rose, while Hong Kong and Shenzhen saw approximately 1% gains. US Treasury Secretary Scott Bessent reported "substantial progress," echoed by China's vice premier. Futures suggest similar gains for the S&P 500. These talks follow recent tariff escalations that severely hampered trade between the two nations.

Prepared by Christopher Adams and reviewed by editorial team.