This archive report was first published on 14 January 2020.
Published on January 14, 2020, investors are catching their breath after a surge in optimism ahead of the signing of the first-phase trade deal between the world's biggest economies.
Washington's lifting of the currency-manipulator label from Beijing has also contributed to the positive sentiment.
According to EGMSecurities Kenya Limited, London and Frankfurt rose in early trading, while Shanghai, Hong Kong, and South Korea finished higher.
The US-China pact involves a pledge by China to buy $200 billion of US goods over a 2-year period, including $50 billion in energy, $40 billion in agriculture, $35-40 billion in services, and $75 billion in manufactured goods.
Asian equity markets were higher as the region took its cue from the fresh record levels on Wall Street amid the backdrop of trade optimism.
US Treasury removed China from the currency manipulator list in its semi-annual report, citing China's exports and imports mostly surpassing estimates for December.
However, trade with the US contracted by 10.7 percent throughout 2019.
White House Trade Adviser Navarro commented that the Phase 1 deal will allow the US to swiftly reimpose tariffs if it unilaterally determines that China has broken any of its commitments.
