Chinese shares made an important rally, but also the yuan was reinforced today (12.5.2025) after the joint announcement USA – China that they reached an agreement to suspend part of punitive dictatorialin a significant de -escalation of a possibly destructive trade war.
Speaking after talks with Chinese officials in Geneva, US Finance Minister Scott Bessed told reporters that the two sides had reached an agreement to cease 90 days in the measures and that mutual duties would be reduced by 115%.
Hong Kong’s Hang Seng index expanded its profits to more than 3% after the announcement while the HANG SEC Tech technology index made a rally, jumping over 5%.
The Wan was reinforced to 7,2001 against the dollar at a high six -month -old, while in his negotiation outside the mainland China rose more than 0.5%.
The Chinese Blue-Chip CSI 300 rose 1.2% and the complex index of the Shanghai Stock Exchange rose 0.8% before the announcement of the relevant details of the Sino-American Agreement.
“The result far exceeds market expectations. Earlier, hope was simply that the two sides could sit and talk, and the market was very fragile, “said William Sin, president of Spring Mountain Pu Jiang Investment Management in Shanghai.
“Now there is more certainty. Chinese shares and Wuan will be on the rise for a while. “