Stocks, the US Dollar, and the Chinese Yuan surged on Monday after the U.S. and China announced a 90-day pause on tariffs, offering a glimmer of hope among investors.
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00:00Now we move to the market reactions. The US dollar and Chinese yuan
00:04sought on Monday after the US and China announced a 90-day tariff pause. The news offers a glimmer
00:11of relief, giving investors hope that a full-blown trade war could be avoided. Futures tracking the
00:17Dow Jones Industrial Average sought 2.2%, S&P 500 futures jumped 2.8%, and contracts tied to
00:25the tech-heavy Nasdaq 100 surged 3.7%. Asian markets jumped 2.2%, with Chinese stocks
00:33raking up major gates. Hong Kong's Hang Seng Index rallied 3.1%, and the mainland CSI 300
00:40closed 1.2% higher. The stocks Europe 600 rose by 1.1% in early trade on Monday, with
00:48other regional indexes also raising around the same rate. The dollar also advanced 1% against
00:55the euro and yen, while the yuan strengthened to reach a 6-month high.