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Global Markets: Asian shares, oil soar on Sino-U.S. trade truce

Reuters  |  SYDNEY/TOKYO 

By Wayne Cole and Hideyuki SanoSYDNEY/TOKYO (Reuters) - Asian shares rallied on Monday after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets and battered oil prices.Trade-exposed currencies led the early gains, with the Australian dollar notching a four-month peak, while the dollar dropped to one-month lows against the yuan.E-Mini futures for the S&P 500 climbed as much as 1.9 percent. MSCI's broadest index of Asia-Pacific shares outside Japan jumped 1.8 percent.China's CSI300 index of Shanghai and ...

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First Published: Mon, December 03 2018. 15:27 IST
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