Asian share market inclined on Monday, 14 October 2019, as investors risk sentiments got a boost after the United States and China agreed to a limited trade deal in last week's high-level trade negotiations.
President Trump said that the two countries reached a very substantial Phase One deal and agreed not to implement tariffs set to go into effect next week. China, meanwhile, said it would increase purchases of U.S. agricultural products. As part of this phase, China will purchase between $40 billion and $50 billion in U.S. agricultural products. Trump also said the deal includes agreements on foreign-exchange issues with China. In exchange, the U.S. agreed to hold off on tariff hikes that were set to take effect Tuesday.
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