China Stocks In Tech Sector Rally As Trump Delays Tariff Hikes

▤ Summary

China stocks rallied Monday after President Donald Trump announced Sunday he would delay a March 1 deadline for tariff hikes on Chinese imports following weekend talks. Trump tweeted Sunday afternoon that "substantial progress" was made in China trade talks, including on important issues such as intellectual property protection and technology transfers. He indicated that a Mar-a-Lago summit with Chinese President Xi Jinping could be coming to seal a China trade deal. Chinas Shanghai Composite Index rocketed 5.6% on Monday, its best one-day percentage gain since July 2015, according to Reuters. Of the China stocks rising Monday, Bilibili is set to report quarterly earnings after the market close Wednesday.

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