Traders work on the floor of the New York Stock Exchange on Tuesday. Photo: AP

US stocks surge on optimism about deal to end China trade war, after Trump suggests he might let tariff deadline ‘slide’

  • The S&P 500 was up 1.3 per cent, while the wave of buying drove a 372-point gain for the Dow Jones Industrial Average, ending its four-day run of losses
Topic |   Stocks

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Traders work on the floor of the New York Stock Exchange on Tuesday. Photo: AP
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An elevated walkway displays stock prices in Shanghai’s financial district. Photo: Bloomberg

Every time Chinese stocks are this cheap they spend the next year soaring, says AllianzGI boss

  • On the last three occasions the price-to-book ratio has been this low, A shares have produced gains averaging 55 per cent, says Andreas Utermann, CEO of AllianzGI
  • The relaxation of restrictions on foreign investment will also help the market bounce back, he says
Topic |   A-shares

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An elevated walkway displays stock prices in Shanghai’s financial district. Photo: Bloomberg
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