Global Market Report - December 3

News of a trade ceasefire between the US and China has sent Asia-Pacific and European markets soaring on the first trading day of December

Morningstar 06/12/2561

Global Market Report


Positive news from the G20 about a suspension in hostilities between the US and China helped world markets rally on the first trading day of the month. The 90-day truce in the trade war between both sites has been received as a breakthrough by the White House.

China and Hong Kong indices were the first to react to the upbeat news and closed up over 2.5% on Friday’s levels. The Shenzhen Component Index was the highest gainer in the Asia-Pacific region with a rise of 3.3% to 7,938 points.

Japan’s Nikkei 225 was 1% higher, while South Korea’s KOSPI was up by 1.6% on Friday’s closing levels.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Antofagasta PLC927.00 GBX3.97
Royal Mail PLC180.40 GBX0.92

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