US-China tariff truce lights a fire under ASX
Sarah TurnerPerspective editor
Updated
Australian investors buoyed by a temporary suspension of trade hostilities between the US and China pushed stocks sharply higher at the start of the week.
Monday's session saw the S&P/ASX 200 index surge 87 points, or 1.5 per cent, to 5754 for its best percentage performance in around eighteen months. The Australian dollar jumped to US73.51¢ against the US dollar.
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Sarah Turner is the editor of the AFR Weekend Perspective section based in our Sydney newsroom. Email Sarah at s.turner@afr.com
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