Dec 03, 2018 07:40 PM

Update: China Stocks Rally After China and U.S. Agree To Delay New Tariffs

Photo: VCG
Photo: VCG

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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