FYI: Judging by most of the headlines today, the 5% rally in Chinese equities overnight was due to optimism over a trade deal between the US and China. The catalyst this time was attributed to President Trump’s announcement that the US would not implement previously announced additional tariffs on Chinese goods beginning on March 1st. A look more closely, though, would suggest that while trade may have had a positive impact on the performance of Chinese equities overnight, it is unlikely that it was the main driver.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/chinas-rally-on-trade/
