Update: China Stocks Rally After China and U.S. Agree To Delay New Tariffs
China stocks rallied and the yuan strengthened Monday after President Xi Jinping and U.S. President Donald Trump agreed to put new tariffs on hold at the G-20 summit Saturday.
The benchmark Shanghai Composite Index rose 2.57% to close at 2,654.80 Monday, while the Shenzhen Component Index jumped 3.34% to 7,938.47. Shares in communications, electronics, food and home appliances enjoyed the biggest increase.
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