06:39 AM EDT, 09/21/2026 (MT Newswires) -- Asian stock markets rallied on Monday on easing oil prices, and after Chinese state media reported that President Xi Jinping will visit the US from Sept. 23 through 25 to "enhance dialogue and cooperation."

Brent crude oil futures traded down 2.5% to $101.24 a barrel during Asian market hours.

Hong Kong and Shanghai finished in the green, while Tokyo was shuttered on holiday. Other regional exchanges tracked north.

In Hong Kong, the Hang Seng Index opened higher and rose to the close on optimism regarding the pending meeting between Xi and President Donald Trump. In addition, US Treasury Secretary Scott Bessent reported on Sunday a "successful engagement" with Chinese Vice Premier He Lifeng, in New York.

The broad gauge Hang Seng rose 291.93 to 25,042.71, as gaining issues outnumbered losers 68 to 25. The Hang Seng TECH Index gained 0.4% on the day, while the Mainland Properties Index rose 1.4%.

Leading the upside was Sino Biopharmaceutical, rising 8.2%, while computer maker Lenovo declined 4.9%.

On the mainland, the Shanghai Composite rose 1% to 3,949.91.

In other news, President Xi Jinping will pay a state visit to the US from Sept. 23 through Sept. 25, reported the state-run China Daily. "China is ready to work with the US side to enrich the connotation of the constructive relationship of strategic stability, enhance dialogue and cooperation," said China foreign ministry spokesman Guo Jiakun.

On other regional exchanges, the S. Korean KOSPI rose 1.7%; the Taiwan TWSE advanced 1.1%; the Australian ASX 200 was steady; the Singapore Straits Times Index rose 0.3%, and the Thai Set gained 0.9%. In late trading in Mumbai, the Sensex was up 0.7%.

The MSCI All Country Asia Pacific Index rose 1% on the day.

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