Mumbai, July 21 -- Asian shares rose broadly in thin trade on Monday, with Japanese markets closed for a holiday.

Investors watched the latest trade developments, with U.S. Commerce Secretary Howard Lutnick saying he was confident the U.S. and the EU could reach a trade deal before August 1.

U.S. stock futures edged higher ahead of key earnings reports from major tech companies, with Tesla and Google parent Alphabet set to unveil their earnings results on Wednesday, followed by Intel on Thursday.

Investors also looked ahead to a busy week of U.S. housing market data and comments from central bankers, including Federal Reserve Chairman Jerome Powell at a banking conference, as Trump piles pressure on him over rates and renovations at th...