China is sending Vice-President Han Zheng to US President-elect Donald Trump's inauguration on Monday - the first time a senior Chinese leader will witness a US president being sworn in.

President-elect Trump said he had a phone call with Chinese President Xi Jinping on Friday that was "a very good one" for both countries, pledging cooperation on trade and fentanyl.

Asia-Pacific markets trade higher on Monday following a positive conversation between Donald Trump and Chinese leader Xi Jinping ahead of the US President-elect’s inauguration. A surge on Wall Street Friday due to a jump in tech stocks also boosted sentiment.

Chinese President Xi Jinping will not attend President-elect Donald Trump’s inauguration, but he is sending Vice President Han Zheng as his special representative.

President-elect Donald Trump and Chinese President Xi Jinping talked on the phone on Friday over a variety of issues with China announcing that its vice president will attend inauguration ceremonies on Monday.

China's vice president held meetings with the U.S. vice president-elect and U.S. business leaders, including Elon Musk, in Washington on the eve of Donald Trump's inauguration, as the two major powers tackle ongoing tensions over trade and technology.

The dollar inched lower against most major currencies as traders trimmed widely-favored bullish positions on the greenback just hours ahead of Donald Trump’s second inauguration as the US President.

President-elect Donald Trump said in a Truth Social post Friday that he spoke that morning with Chinese President Xi Jinping, just four days ahead of his inauguration.

President-elect Donald Trump and Chinese President Xi Jinping talked on the phone on Friday over a variety of issues with China announcing that its vice president will attend inauguration ceremonies on Monday.

President-elect Donald Trump has promised to storm into the presidency with a whirlwind of executive actions during his first days as president, making sweeping changes to the country at the stroke of a pen and setting the tone for his second administration.

In Australia, the S&P/ASX 200 Index is up 0.18% at 8,325.50, recovering from losses in the previous session. Gains are led by iron ore miners and technology stocks, while gold miners weigh on the index.