HONG KONG: Asian markets rallied on Monday after China and the United States said they were close to agreeing on a mini trade deal, but the pound extended losses on fresh Brexit uncertainty while European Union (EU) leaders consider extending a deadline for Britain to leave the bloc.
Investors tracked a strong lead from Wall Street, where the S&P 500 flirted with another record, after the US Trade Representative’s office said the top-level negotiators had held talks on Friday and were “close to finalizing” an agreement.
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