By John Liu, Bloomberg Markets Liver reporter and strategist
1. A trade truce between Beijing and Washington sparked a rally in Chinese stocks, but that enthusiasm appears to be giving way to the reality of still-high tariffs.
The world’s two-biggest economies surprised the world with a massive — albeit temporary — reduction in tariffs. Chinese stocks jumped on the news, but global investors have expressed caution on the potential for sustained gains. The CSI 300 Index and the Hang Seng Index both ended the week below last Monday’s levels.
