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U.S.-China trade war truce see most Asian stocks rise

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U.S.-China trade war truce see most Asian stocks rise GlobeBusiness

Most Asian stock markets rose Tuesday after Wall Street’s benchmark hit a new high following the latest truce in the costly U.S.-Chinese trade war.

Investors “may find this optimism cooling,” Jingyi Pan of IG said in a report. “The sustainability of this upward movement remains in question with the uncertainty continuing for geopolitical tensions.” On Wall Street, the Standard & Poor’s 500 index rose 0.8 per cent after Trump’s agreement to hold off imposing new tariffs on US$300-billion of Chinese imports put investors in a buying mood.

Trump also said he would allow U.S. companies to sell some components to Chinese telecommunications giant Huawei, which last month was placed on an American blacklist as a national security threat.

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