Global shares rose on Monday and oil rebounded after upbeat China manufacturing ...
TOKYO - Global shares rose on Monday and oil rebounded after upbeat China manufacturing surveys and as investors clung to hopes Beijing and Washington could reach a compromise in trade talks.
The market enjoyed a boost after the Caixin/Markit Manufacturing Purchasing Managers’ Index index rose to 51.8 in November from 51.7 in the previous month, marking the fastest expansion since December 2016. While U.S. legislation supporting Hong Kong protesters last week raised concerns about U.S.-China trade negotiations, investors are nonetheless holding the broad view that a further escalation in the trade war can be avoided.
Investors have long thought that the United States will avoid imposing an additional 15% tariff on about $156 billion of Chinese products on Dec. 15 after signing a deal with China.
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