• The Dow Jones Industrial Average .DJI rose 428.9 points, or 1.79 percent, to 24,408, the S&P 500 .SPX gained 43.71 points, or 1.67 percent, to 2,656.87 and the Nasdaq Composite .IXIC added 143.96points, or 2.07 percent, to 7,094.30.
U.S. stocks climbed on Tuesday as investor concerns about rising trade tensions between the United States and China eased after Chinese President Xi Jinping promised to cut import tariffs.
The technology sector .SPLRCT, which would be particularly exposed to a negative impact from tense trade relations with China, provided the biggest boost to the S&P 500.
Xi said China will widen market access for foreign investors, a point of contention for U.S. President Donald Trump’s administration.
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• Asian stocks were mixed in early Wednesday trade after an overnight advance in global markets as recent trade fears waned.
In Tokyo, the Nikkei 225 clung to slim gains in early trade. The benchmark edged up by 0.11 percent, with the broader Topix rising by the same level. Financials, oil producers and shippers traded higher in the morning.
Across the Korean Strait, the Kospi shed 0.19 percent.
Meanwhile, in Sydney, the S&P/ASX 200 was off by 0.33 percent as all subindexes but energy and materials traded in the red. The heavily weighted financials sector slid 0.79 percent.
Reference: Reuters, CNBC
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