Trump hails limited trade deal with China
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Asian equities started the week on a strong note as Hong Kong and South Korea outperformed, while Australia was closed for the King’s Birthday and Indonesia and Pakistan were closed for Eid al-Adha.
Top U.S. and Chinese officials were meeting in London on Monday to try to defuse a trade dispute that has widened from tariffs to restrictions over rare earths, threatening a global supply chain shock and slower economic growth.
One expert said he expected loosened controls on U.S. exports of semiconductors in exchange for China's releasing of more rare earths.