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Global stocks up, yen slips as Xi calms U.S.-China trade fears

Reuters  |  NEW YORK 

By Rodrigo CamposNEW YORK (Reuters) - Global equity markets rose for the fifth session in six and the Japanese yen fell on Tuesday as Chinese President Xi Jinping's promise to cut import tariffs eased investor concerns about an escalating U.S.-China trade row.Xi, speaking at a forum, vowed to open China's economy further, protect intellectual property of foreign firms and he criticized a "Cold War mentality" as obsolete, in his first public comments since the trade dispute with U.S. President Donald Trump's administration erupted.Later in the trading session in New York, Trump said via ...

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First Published: Wed, April 11 2018. 00:38 IST
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