Asian stocks rose on Monday as the US-China trade truce and surging investment in artificial intelligence buoyed risk sentiment, while the dollar firmed to a three-month high on easing rate cut wagers after hawkish comments from policymakers.

Investors are still focused on developments from last week, including central bank meetings and the US-China agreement on a year-long trade truce that was within broad expectations. But doubts remain if the truce will last for the full duration.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.63% at 729.82, hovering near the 4-1/2-year high it touched last week. The index is up more than 27% this year, on course for its best year since 2017.

Nasdaq futures rose 0.25%, while European futures also pointed to a higher open ahead of

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