US sharemarkets lifted on US-China trade hopes on Monday. At the G20 Summit on the weekend, US President Donald Trump offered trade concessions to the Chinese including no new tariffs and an easing of restrictions on Huawei. While China agreed to make unspecified new purchases of US farm products. Shares of tech companies Apple (+1.8%), IBM (+1.4%) and Microsoft (+1.3%) led gains. Nike (+1.7%) shares also outperformed. Chipmaker Skyworks Solutions (+6.0%) shares also performed w...
US sharemarkets lifted on US-China trade hopes on Monday. At the G20 Summit on the weekend, US President Donald Trump offered trade concessions to the Chinese including no new tariffs and an easing of restrictions on Huawei. While China agreed to make unspecified new purchases of US farm products. Shares of tech companies Apple (+1.8%), IBM (+1.4%) and Microsoft (+1.3%) led gains. Nike (+1.7%) shares also outperformed. Chipmaker Skyworks Solutions (+6.0%) shares also performed well. Wynn Resorts shares rose 5.9% on stronger-than-expected gambling revenue in the Chinese territory of Macau in June. The S&P500 index reached a record-high of 2,997.86 points during trading. At the close of trade, the Dow Jones rose by 117 points or 0.4%. The S&P500 lifted by 0.8% and the Nasdaq was up almost 85 points or 1.1%.
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