On Friday, major stocks ended higher on the board as investors were hoping best for the US-China trade deal. The Dow Jones Industrial Average gained 199.62 points and closed at 25,538.46. The Nasdaq Composite and the S&P 500 both rose 0.8 percent as closed at 7,330.54 and 2,760.17, respectively. On the other hand, Boeing gained 1.2 percent and Caterpillar rose 4.2 percent.

It came into effect after a Chinese official remarked that the consensus regarding US-China trade deal is steadily increasing. However, he added that differences between the countries still remain.

On Monday, Asia stocks traded higher after Chinese President Xi Jinping and the U.S. President Donald Trump settled on a temporary trade peace between the countries. In China, the Shenzhen Composite gained 3.528 percent while the Shanghai Composite advanced 2.91 percent.

The shifts in major stocks also came after factory activity rose slightly in November in comparison with the previous month as showed by the Caixin Manufacturing Purchasing Managers’ Index. It climbed 50.2 from October’s 50.1. Also, the Hang Seng index of Hong Kong also advanced 2.68 percent.

In Japan, the Nikkei 225 jumped 1.35 percent in the afternoon trade and the Topix index rose 1.49 percent. The Kospi of South Korea advanced 1.72 percent.

The ASX 200 of Australia rose up by 1.73 percent along with other sectors. Major mining shares also advanced such as Rio Tinto surged 2.43 percent, BHP Billiton gained 3.71 percent, and Fortescue Metal Group advanced 3.71 percent.

The US dollar index that marks the greenback against major currencies traded at 96.919 after experiencing a high of 97.5 in the last week. The Japanese yen against the dollar traded at 113.45 while the Australian dollar was at $0.7367 after sawing a low of $0.72 in the last week.