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Stocks Blog: Shanghai closes at 9-week high on US-China trade war truce between Donald Trump and Xi Jinping

  • Crystal Ball: Expect Hang Seng to shoot up Tuesday, says Louis Tse Ming-kwong of VC Asset Management
  • Kweichow Moutai closes above 1,000 per share — a first for any Chinese company 
Topic |   Stocks Blog
Presidents Trump and Xi shake hands on the sidelines of the G20 Summit in Osaka, Japan, on June 29, 2019. Photo: Agence France-Presse
INTRODUCTION

Good day, traders —

Mainland markets rallied on news presidents Donald Trump and Xi Jinping agreed to a
truce in the trade war
 over the weekend. Hong Kong's market was closed due to a holiday honoring the handover from Britain to China. Police and protesters clashed in the city during demonstrations against a proposal that would allow extraditions to mainland China.
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Deb Price and Louise Moon