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China shares gain, yuan up on Sino-U.S. trade war pause


By Andrew Galbraith and Noah SinSHANGHAI/HONG KONG (Reuters) - Chinese shares, commodities and the yuan currency jumped on Monday after Chinese and U.S. leaders agreed to a temporary truce in their bitter trade war, but the longer-term outlook for trade relations remains murky.The deal between Presidents Donald Trump and Xi Jinping postponed the most pressing threat to the global and Chinese economies - a sharp hike in U.S. tariffs that had been slated for Jan. 1.But analysts cautioned it has only bought a bit more time for wrangling over deeply divisive trade and policy differences, and said ...

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First Published: Mon, December 03 2018. 13:32 IST