Global markets rejoice as US and China ease trade tensions

Quick Summary:

HONG KONG—World shares and US futures surged Monday after the US and China announced they were suspending for 90 days most of the sharp tariff hikes each has imposed since US President Donald Trump began escalating his trade war.

The Sensex in Mumbai shot up 3.2% after India and Pakistan agreed to a truce after talks to defuse their most serious military confrontation in decades.

Investors were also watching for developments in other flashpoints including clashes between India and Pakistan, the war in Ukraine and conflict in the Middle East.

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Article Details

Author / Journalist: Jiang Junzhe & Elaine Kurtenbach | The Associated Press

Category: BusinessStartups

Markets: PhilippinesAustraliaChinaGermanyHong KongIndiaJapanSouth KoreaPakistanSwitzerlandUkraine

Topics: Trade Stock China Tariffs Surged Hong Friday Other Markets Composite Index

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 13:30:14 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 661 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 28613718

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 72 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 12 hours ago

Coverage Areas: Philippines

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Publication Timezone: GMT +8:00

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Publisher ID: #37

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