Economic news

Asian stocks rise after U.S. and China declare truce in trade war

Asian stocks jumped on Monday after U.S. and Chinese presidents approved the trade deal on Saturday in Buenos Aires.

Photo: Reuters

MSCI’s broadest index of Asia-Pacific shares soared 1.8 percent.

Japan's Nikkei surged 1.3 percent to a six-week peak. China's CSI300 index of Shanghai and Shenzhen gained 2.6 percent.

Brent crude futures added $2.40 to $61.86 per barrel, while U.S. WTI futures climbed $2.28 to $53.21, both on track to make their largest daily gains in over two years.


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