· Stocks rose on Monday, extending last week’s big gains, after the U.S. reached an agreement with Mexico on tariffs, easing some of the trade concerns which have weighed on the market since early May.
The Dow Jones Industrial Average rose for a sixth straight session, finishing the day 78.74 points, or 0.3%, higher at 26,062.68. The S&P 500 gained about 0.5% at 2,886.73 and is now a little more than 2% from its intraday all-time high hit on May 1. The Nasdaq Composite rose 1.1% to 7,823.17 on Monday, led by Amazon.
President Donald Trump announced Sunday that proposed tariffs on Mexican imports would be suspended indefinitely. Trump said in a Twitter post that he has “full confidence” that Mexico will crack down on migration from Central America, after the two neighbors reached a consensus.
· Stocks in Asia Pacific traded mixed on Tuesday morning following overnight comments from U.S. President Donald Trump on his country’s trade war with China.
In Japan, the Nikkei 225 slipped 0.13% and the Topix index declined fractionally.
South Korea’s Kospi traded largely flat as shares of Hyundai Motor declined 1.05%.
Over in Australia, on the other hand, shares traded higher in the morning after returning from a holiday. The ASX 200 advanced 0.8% as most sectors saw gains.
Reference: CNBC
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