Shanghai | A ceasefire in Donald Trump's trade war with China has buoyed market sentiment in Australia, despite warnings that any truce will be temporary as the two global powers struggle to find accord on intellectual property and state subsidies.

Futures indicate the S&P/ASX 200 Index will rise half a per cent, or 34 points, on Monday. Hong Kong's Hang Seng index is on track for a 0.75 per cent increase and China's CSI 300 is set for a gain of 1.35 per cent.