Asian stocks edged up in thin trade on Monday, with Japanese markets closed. President Trump hoped China would increase soybean orders from the U.S. Chip giants Nvidia and AMD agreed to give 15% of revenues from chip sales in China to the U.S. government. Investors awaited U.S. and Chinese economic data and the Trump-Putin meeting. Dollar steady ahead of U.S. July CPI report. Gold prices fell as investors sought clarity on tariff rulings. Oil prices declined despite threats to India and China over Russian oil.

Chinese stocks rose, Hong Kong’s Hang Seng index finished higher. China’s factory-gate prices fell more than expected in July, while consumer prices were flat. Seoul stocks edged down as caution prevailed. Australian markets gained amid bets of policy easing by the Reserve Bank of Australia. U.S. stocks rose on Friday, with the Nasdaq hitting a new record high for a second day after Apple’s investment commitment in U.S. manufacturing.

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