Global markets have rallied on hopes that Donald Trump and Xi Jinping will agree to extend a trade truce during a high-stakes meeting in South Korea this week.
Japan’s Nikkei 225 index surged past 50,000 for the first time in its history on Monday, while South Korea’s Kospi climbed more than 2 per cent to a record high.
Futures for the S&P 500 and Nasdaq Composite rose 0.7 per cent and 1 per cent, respectively. Euro Stoxx 600 futures climbed 0.4 per cent. China’s CSI 300 index rose 0.7 per cent and Hong Kong’s Hang Seng index gained 0.9 per cent.
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