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Stocks up as Xi calms U.S.-China trade fears; oil rallies

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 trade spat between the United States and China.In a speech, Xi vowed to open China's economy further, protect intellectual property of foreign firms and 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 ...

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First Published: Wed, April 11 2018. 02:41 IST