GLOBAL MARKETS-Asian shares, oil soar on Sino-U.S. trade truce [Reuters]
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Source: Reuters
Asian shares, oil soar on Sino-U.S. trade truce SYDNEY/TOKYO (Reuters) - Asian shares rallied on Monday after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets and battered oil prices. Trade-exposed currencies led the early gains, with the Australian dollar notching a four-month peak, while the dollar dropped to one-month lows against the yuan CNH= . E-Mini futures for the S&P; 500 ESc1 climbed as much as 1.9 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS jumped 1.8 percent. China's CSI300 index of Shanghai and Shenzhen shares .CSI300 rose 2.6 percent. In Japan, the Nikkei .N225 gained 1.3 percent to a six-week high. “Markets are opening with a knee-jerk boost to risk appetite but time will tell how enduring the optimism proves to be,” said ANZ economist Jo Masters. “There are already very different official takes on what was achieved at the meeting.” “But for
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