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

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.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks open July with a rally on U.S.-China trade talksWall Street applauded a ceasefire in the U.S. trade war with China and opened trading in July with a bang.
Source: CTVNews - 🏆 1. / 99 Read more »