Global stock markets have rebounded after President Trump avoided reigniting a trade war with China amid tension over Hong Kong and the coronavirus pandemic.
Hong Kong’s benchmark gained more than 3% and London, Shanghai and Tokyo also gained.
Share prices sank Friday as investors waited for President Trump’s response to Beijing’s security law on Hong Kong. In the end, President Trump ended Hong Kong’s special trade status and suspended visas of some Chinese students but avoided pulling out of a truce in a tariff war with Beijing that weighs on global growth.
Wall Street futures were slightly lower.
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