Market Update
US equity-index futures, including the S&P 500 and the Nasdaq 100, jumped over 1% after President Donald Trump signaled openness to a deal with China, easing trade tensions.
- Shares in South Korea and Australia declined.
- Futures indicated losses for Hong Kong and China.
- Treasury futures dropped, while oil and cryptocurrencies stabilized.
President Donald Trump threatened tariffs of 100% on China in response to Chinese export controls.
Gold set a new peak, and silver prices swung near a record due to a historic short squeeze in London and trade tensions.
Declines in Asian stocks reflect concerns about the truce's durability.
Author's summary: Trump's comments ease trade tensions.