Historic Agreement Reached

U.S. Treasury Secretary Scott Bessent announced a groundbreaking 90-day pause in tariffs between the US and China, marking a significant step towards easing trade tensions. "Both sides will move their tariffs down by 115 percentage points," Bessent revealed, sparking immediate positive reactions in the markets.

Market Reacts Positively

Following the announcement, Hong Kong stocks experienced a notable surge, with the Hang Seng Index climbing 3.34%, or 762.94 points, to close at 23,630.68. This uptick reflects the market's optimism towards the easing of trade barriers between the two economic giants.