Stocks Surge After Trump Makes Deal With China
On Monday, stocks surged after President Donald Trump and Chinese leader Xi Jinping struck a truce in the US-China trade war.
According to Business Insider, Trump agreed to ease restrictions on Chinese tech giant Huawei's US technology purchases.
He also agreed to hold off on extending tariffs to virtually all Chinese good.
Xi pledged to buy an unspecified amount of US farm products and resume trade talks.
"Trump and Xi gave investors what they wanted at the G-20 meeting in Osaka this Saturday: hope," said Ipek Ozkardeskaya, senior market analyst at London Capital Group.