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US stock markets open sharply higher as US-China tariff truce sparks global market rally

IndiaTimes Monday, 12 May 2025
US stock markets surged following a US-China agreement to suspend tariff hikes for 90 days, boosting hopes for eased trade tensions. The Dow soared by 2.33%, with tech stocks leading the rally. Travel and consumer sectors also saw gains, while pharmaceutical companies faced pressure.
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Video Credit: Oneindia - Published
News video: Xi Jinping’s BOLD Message To Trump: ‘Bully Tactics’ Will Backfire Amid U.S-China Trade Truce

Xi Jinping’s BOLD Message To Trump: ‘Bully Tactics’ Will Backfire Amid U.S-China Trade Truce 03:22

 Xi Jinping warns that “bullying” and “hegemonism” in global trade will backfire, criticizing U.S. trade policies. Speaking at a Latin American summit in Beijing, Xi emphasized that no one wins in a tariff war, advocating for unity and cooperation. His comments follow a temporary truce in the...

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