China deal lifts US stocks into record territory | The Malaysian Insight

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China deal lifts US stocks into record territory

The US and China say they’ve reached a partial trade deal, which lifted Wall St. – EPA pic, December 17, 2019.

WALL Street yesterday set records for a third straight day as investors absorbed a new US-China trade deal and Beijing released upbeat economic data. US and Chinese officials on Friday announced a partial trade deal, with Washington cancelling and reducing tariffs in exchange for Chinese pledges to increase purchases of US exports and reform its trade practices.

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