Ceasefire good news for Asia markets, EM currencies
Observers welcome development but some warn of trade tensions escalating further in future
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Singapore
NEWS over the weekend of a deal between the United States and China on the sidelines of the G-20 Summit spelt good news for markets in Asia with key indices ending the day's trading on higher ground.
Many cyclical stocks such as technology and manufacturing, which also have sizeable exposure to the Chinese market, outperformed on Monday. Oil and gas stocks also rebounded on rising oil prices.
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