The Shanghai Composite Index and Japan's Nikkei jumped at least 1% each.
Global markets rallied on a report that China and the US are in the"final stage" of a trade deal.
Washington and Beijing are offering to lower or remove tariffs on some products, the Wall Street Journal reported on Sunday. Stock markets around the world rallied on a report that China and the US are in the"final stage" of a trade deal.that China officials have offered to trim tariffs and other restrictions on US farm, chemical, auto and other products. Washington, meanwhile, is weighing removing"most, if not all," sanctions on Chinese products.
"But with all this positivity comes the risk that the market is buying on this rumour mill and is becoming more exposed should the good news not materialize." The deal is the result of trade talks in February in Washington, the WSJ said, citing people familiar with the discussions. Snags remain and it's not yet a done deal, the WSJ said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pompeo: US to make sure China can't blockade South China SeaMANILA, Philippines (AP) — U.S. Secretary of State Mike Pompeo says the United States is committed to ensuring the South China Sea remains open to all kinds of navigation and that 'China does not...
Read more »
European markets point to a weak open on US-China trade concernsEuropean stocks are set to dip just below the flatline during Thursday's open, as investors keep abreast of geopolitical news.
Read more »
Asia markets set to see gains amid hopes of US-China trade dealStocks in Asia were set to see opening gains on Monday following a report that China is offering to lower tariffs on certain U.S. products as part of a trade deal with America.
Read more »
Donald Trump has delayed a tariff hike on China and floats a summit with President XiThe trade war between the United States and China has cast a shadow on global markets.
Read more »
Stocks rally as U.S., China inch closer to trade dealAsian shares started the week on the front foot on signs the United States and C...
Read more »
The yuan belongs in a U.S.-China trade pactWashington might ask Beijing to formally pledge not to devalue its currency. China says a weaker yuan is not in its interests, which might be true. But past manipulation distorted the U.S. economy, and could happen again. A deal without a currency clause will be flawed.
Read more »
U.S. agencies vow closer scrutiny of China-funded learning centersU.S. agencies on Thursday promised stricter monitoring of China-funded Confucius...
Read more »
A heated battle between the US and China played out at the world's biggest mobile eventA drama played out between American officials and Chinese tech giant Huawei at Mobile World Congress in Barcelona this year.
Read more »
U.S. in race with China, Russia for UFO technology, former Senate majority leader suggestsFormer Democratic Senator Harry Reid wants the U.S. to obtain UFO technology before China and Russia.
Read more »