The Speaker
Thursday, 13 June 2024 – 08:25

World shares on the up as US & China continue trade talks

Stock market values around the world have started to climb following evidence that the US and China could be working together behind the scenes to avoid a damaging trade war.

Stock markets values fell last week, with tech stocks being worst hit following the data protection scandals around Facebook. US President Donald Trump had also threatened to impose additional tariffs on Beijing on claims that it had been involved in illectual property theft.

Experts said Wall Street enjoyed its best day for over two years on Monday, with the Dow Jones Industrial Average shooting up 669 points. Asian markets followed the US lead, also experiencing considerable gains.

It is thought that the language used between the US and Chinese officials has calmed in recent days, as trade talks continue between the two countries, and it is thought this is what resulted in the rise in stock values.

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