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Chinese stocks have best day in two years, yuan firms despite tariff blow

Reuters  |  SHANGHAI 

By John Ruwitch and Samuel ShenSHANGHAI (Reuters) - China's share market and the yuan bounced on Monday despite heightened trade tensions between Washington and Beijing after each imposed major tariffs on the other's goods last week and investors nervously watched for more policy action.Monday's equities rally was seen driven by technical factors and government rhetoric to boost market confidence, but traders and analysts said the rise could be fleeting as a trade war with the United States will hit China's economy and global growth."The rally is in part due to marginal improvement in ...

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First Published: Mon, July 09 2018. 13:17 IST