Asian stocks advanced on Monday, led by technology shares, after positive signals from U.S.-China trade talks ahead of a summit between U.S. President Donald Trump and Chinese President Xi Jinping later this week. South Korea's KOSPI rose 1.7%, with Samsung Electronics gaining 4% and SK Hynix up 0.1%. China's CSI 300 rose about 0.5%, the Shanghai Composite gained 0.6% and Hong Kong's Hang Seng Index advanced 0.6%. The weekend discussions in New York between U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng covered trade and artificial intelligence, with both sides agreeing to establish an AI dialogue before the leaders' meeting on Thursday. The summit is expected to address an extension of the trade truce, tariffs, rare-earth exports and technology controls. Japan's markets were closed for a public holiday, while Australia's S&P/ASX 200 was flat, Singapore's Straits Times Index rose 0.3% and India's Nifty 50 futures gained 0.3%. Oil prices fell for a fourth straight session, with Brent near $103 a barrel as increased Middle Eastern supply and higher Saudi exports eased some pressure on equities, although the conflict involving the United States and Iran continued to pose inflation and geopolitical risks. Investors also monitored higher Treasury yields after expectations of further U.S. Federal Reserve rate increases. Hong Kong's IPO market remained active, with Transwarp Technology gaining 6.2% on its debut after raising funds at HK$49 per share and obtaining access to Southbound Stock Connect.