Investors also cling to hopes Beijing and Washington can reach a compromise in trade talks
Tokyo — Global shares rose on Monday and oil rebounded after upbeat China manufacturing surveys and as investors clung to hopes Beijing and Washington could reach a compromise in trade talks.
Mainland Chinese shares also went higher, with the blue-chip CSI300 index rising 0.59% from a three-month low hit on Friday. While US legislation supporting Hong Kong protesters last week raised concerns about US-China trade negotiations, investors are nonetheless holding the broad view that a further escalation in the trade war can be avoided.
Investors have long thought that the US will avoid imposing an additional 15% tariff on about $156bn of Chinese products on December 15 after signing a deal with China. China’s foreign ministry last week lambasted as a serious interference in Chinese affairs US legislation signed by President Donald Trump on Wednesday backing protesters in Hong Kong.
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