Amicable Trump-Xi meeting lifts market
ST Index starts Q3 with a bang, ending 50.65 points or 1.5% higher at 3,372.26
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THE better-than-expected outcome to the G-20 meeting between US president Donald Trump and his China counterpart Xi Jinping cheered investors, giving equities a much needed lift from the doldrums of recent weeks.
"After spending the better part of two months in trade war purgatory and with G-20 done and dusted, risk markets have responded to Saturday's events in a reveller tone," Vanguard Markets managing partner Stephen Innes observed.
The bullish spirit of the day saw the Straits Times Index (STI) streak ahead to start the third quarter with a bang. It ended 50.65 points or 1.5 per cent higher at 3,372.26.
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