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Likely US-China trade deal lifts markets

STI adds 30.68 points or 0.95 per cent to close at 3,251.08; Japan, China, Hong Kong and Australia also end higher

Published Mon, Mar 4, 2019 · 09:50 PM

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A BUSY week of economic data releases lies ahead, but on Monday, good ole trade was the main market mover.

IG market strategist Pan Jingyi said: "The wind beneath the wings for markets had evidently been developments on US-China trade, this time with news highlighting the closing in on a deal and the prospective Trump-Xi summit to formalise it."

In Singapore, the Straits Times Index (STI) added 30.68 points or 0.95 per cent to close at 3,251.08.

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