Thursday 17 January 2019
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scmp - 8 month ago

US stocks jump on ‘meaningful progress’ in China-US trade talks

US stocks were solidly higher on Monday after the US and China appeared to make major progress in trade talks, with industrial companies and banks making some of the biggest gains. The Chinese government said it would buy more goods and services and US Treasury Secretary Steven Mnuchin said the US postponed tariffs on up to US$150 billion in goods from China after the two sides made meaningful progress toward a new trade agreement. In midday New York trading, the S P 500 index...

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