Asia Unhedged | Broad-based rally in the S&P following the Trump-Xi meeting
A trader works on the floor of the New York Stock Exchange. Photo: AFP, Bryan R. Smith
A trader works on the floor of the New York Stock Exchange. Photo: AFP, Bryan R. Smith
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Broad-based rally in the S&P following the Trump-Xi meeting

Fears of a trade war continue to subside

April 10, 2017 11:50 PM (UTC+8)

General Motors, Caterpillar, UPS, Target, Union Pacific and Amazon are among the top ten performers in the S&P 100.

Higher oil prices helped, but the outlook simply is better. Investors are more confident about profit growth and less worried about missteps such as trade war.

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