The Latest: Shanghai shares soar after US tariff hike delay - News Summed Up

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The Latest: Shanghai shares soar after US tariff hike delay


BEIJING - The Latest on trade talks between the U.S. and China (all times local):1:50 p.m. The Shanghai Composite index has jumped 5.5 per cent after President Donald Trump announced he was extending a deadline for escalating tariffs on Chinese imports. The benchmark was trading at its highest level in about 8 months on the news that the truce in a trade war between the world’s two biggest economies would persist as the two sides talk out their differences. Other markets in the region also rose, but by smaller margins. Hong Kong’s Hang Seng index added 0.5 per cent while Tokyo’s Nikkei 225 also climbed 0.5 per cent.


Source: thestar February 25, 2019 06:45 UTC



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