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Stocks tick up on upbeat China factory reports, trade talk hopes

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Global shares shuffled marginally higher on Monday to stand just short of the re...

rising as much as 0.68% from a three-month low hit on Friday, before paring gains to stand 0.16% higher.

While U.S. legislation supporting Hong Kong protesters last week raised concerns about U.S.-China trade negotiations, investors are nonetheless holding the broad view that a further escalation in the trade war can be avoided. Investors have long thought that the United States will avoid imposing an additional 15% tariff on about $156 billion of Chinese products on Dec. 15 after signing a deal with China.

China’s Foreign Ministry last week lambasted U.S. legislation signed by President Donald Trump on Wednesday backing protesters in Hong Kong as a serious interference in Chinese affairs.

 

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That market seems to be based upon rumor, rather than fact.

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