BEIJING — China’s stock market surged Monday after President Donald Trump’s decision to postpone a tariff hike on Chinese imports and state media expressed hopes the fight with Washington over Beijing’s technology ambitions can be resolved. Other financial markets in Europe and Asia recorded more modest gains following Trump’s announcement the Washington talks made “substantial progress” toward ending the tariff fight. The weekend talks made progress on technology transfer, protection of intellectual property rights and non-tariff barriers to market access, according to the official Xinhua News Agency. “China solemnly shows it is willing to adopt a co-operative approach to resolve economic and trade frictions,” the newspaper said. Share prices already had risen in recent weeks on expectations Trump would postpone the tariff hike.

Source: National Post February 25, 2019 10:07 UTC