Hong Kong (CNN Business)Asian markets edged up on Monday, following last week’s gains on Wall Street as well as news of a potential reprieve for Huawei.
South Korea’s Kospi (KOSPI) and Hong Kong’s Hang Seng (HSI) each rose 1.3%, and the Shanghai Composite (SHCOMP) was up 0.7%. Japan markets are closed for a holiday.
Chip makers got a boost after US Commerce Secretary Wilbur Ross told Bloomberg on Sunday that licenses allowing US companies to sell to Huawei “will be forthcoming very shortly.” He said his office has received 260 requests for licenses.
