Investors have been on a hair trigger for months waiting for a ceasefire in the trade war so when it came on the weekend, they were primed for action when markets opened yesterday.
Shares surged across Asia as relieved traders piled back in on news that the US and China were talking again. A 5 per cent jump in the oil price on news of production cuts did not hurt the mood either.
The good cheer sent the Straits Times Index surging 2.34 per cent to 3,190.62 points.
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