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U.S.–China Preliminary Trade Deal Lifts Global Stocks as APEC Decision Nears

Central‑bank decisions this week will show whether the optimism holds.

Overview

  • China’s vice trade minister Li Chenggang said the two sides reached a preliminary accord after two days of talks in Malaysia.
  • U.S. negotiator Scott Bessent signaled possible concessions including a one‑year delay to Chinese rare‑earth export curbs and a restart of U.S.‑bound soybean purchases.
  • Asian equities surged Monday, with Japan’s Nikkei closing above 50,000 for the first time and South Korea’s Kospi topping 4,000.
  • Major U.S. indices notched fresh records Monday, while the DAX ended slightly higher before dipping in Tuesday indications as traders waited for the Fed and ECB.
  • Presidents Trump and Xi are expected to decide on the framework at this week’s APEC summit in South Korea.