Asia stocks set for subdued open despite renewed optimism with phase one US-China deal 'totally done'

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Asia stocks set for subdued open despite renewed optimism with phase one US-China deal 'totally done'
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Asia stocks set for subdued open despite optimism with phase one US-China deal 'totally done'

Shares in Australia rose in early trade, but Japan's Nikkei 225 is set for a lower open as compared to the index's last close.

U.S. and Chinese officials announced on Friday that the U.S. and China had finally agreed to the phase one agreement after a contentious 18-month trade war. Over in Asia, shares of Apple suppliers will be watched for any optimism on that development. Apple had bounced 1.4% on Friday to a record after the trade news. Some of the tariffs set to take effect Sunday would have impacted some of Apple's key products, including the iPhone.Markets in Asia are set for a subdued open even though trade optimism soared with China and the U.S.

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