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US, China trade ceasefire to lift ASX

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Shanghai | A ceasefire in Donald Trump's trade war with China has buoyed market sentiment in Australia, despite warnings that any truce will be temporary as the two global powers struggle to find accord on intellectual property and state subsidies.

Futures indicate the S&P/ASX 200 Index will rise half a per cent, or 34 points, on Monday. Hong Kong's Hang Seng index is on track for a 0.75 per cent increase and China's CSI 300 is set for a gain of 1.35 per cent.

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Michael Smith is the Health Editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com
Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com

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    Original URL: https://www.afr.com/world/asia/us-china-trade-ceasefire-to-lift-asx-20191012-p53045