Beijing(AP)China`s main stock index jumped to an eight month high Monday afterPresident Donald Trump said he would postphone a March 1stdeadline for a U.S. Tarriff hike on imports from China followingtalks on a dispute over Beijings technology ambitions, writes>Associated Press,
StockMarket Rose
A currency trader stretches while working at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Feb. 25, 2019. Most Asian stock markets rose Monday after U.S. President Donald Trump said he would postpone a March 1 deadline for a U.S. tariff hike on Chinese imports following weekend talks on a battle over Beijing’s technology ambitions. The Shanghai Composite Index rose 5.6 percent to 2,961.28, its highest close since June 15, after Trump said weekend negotiations in Washington made «substantial progress.» Tokyo’s Nikkei 225 advanced 0.5 percent to 21,527.36 while Hong Kong’s Hang Seng added 0.3 percent in choppy trading to 28,899.44. Seoul’s Kospi was flat at 2,230.90. India’s Sensex advanced 0.2 percent to 35,950.50 and Sydney’s S&P-ASX 200 rose 0.2 percent to 6,176.40.
China stocks rallied Monday, leading gains across the region after President Donald Trump said he would postpone a March 1 deadline for a U.S. tariff hike on Chinese imports following weekend talks on a battle over Beijing’s technology ambitions.
TheShanghai Composite Index SHCOMP, +5.60% closed up 5.6%, poised for its best one-day percentage gain sinceJune 2015, according to FactSet Research. Shares are now up just over20% from a Jan. 3 low of 2,464.36, meeting one popular definition ofa bull market, according to Ap.
