Trade war ceasefire sparks stock rally across Asia

Major indexes in China have tumbled more than 18 per cent since June while Singapore and Hong Kong were down more than 15 per cent due to the trade row and higher interest rates.
Major indexes in China have tumbled more than 18 per cent since June while Singapore and Hong Kong were down more than 15 per cent due to the trade row and higher interest rates.PHOTO: REUTERS

Markets rise as investors jump in amid temporary reprieve in US-China trade spat and oil price rebound

Shares rebounded across the region yesterday after the trade war truce between the United States and China and an oil price rebound sent relieved investors racing back to the markets. Wall Street was just as buoyant with US futures up more than 2 per cent late yesterday ahead of the opening bell.

Local investors who have been on the sidelines for months watching as the trade war played out piled back into equities to send the Straits Times Index surging 2.34 per cent to 3,190.62 points.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on December 04, 2018, with the headline 'Trade war ceasefire sparks stock rally across Asia'. Print Edition | Subscribe