Bourses in Australia and Japan hit record highs as hopes grow of trade deal within latest 90-day pause
Donald Trump’s decision to extend a truce in the trade war with China for another 90 days triggered a stock market rally across the globe on Tuesday.
The US president signed an executive order on Monday night extending the deadline for higher tariffs on China until 10 November and avoiding a rates cliff edge. Beijing responded the following morning that it would suspend additional tariffs on US goods for a further 90 days.
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