Shares of Companies Within the Broader Consumer Discretionary Sector Are Trading Higher After the US and China Agreed to a Temporary Reduction in Most Tariffs on Each Other's Goods. This Could Alleviate Supply Chain Uncertainty in the Sector.

Benzinga01:11

With the significant reduction of bilateral tariffs between China and the United States, which American stocks will benefit greatly?

The latest developments in Sino-U.S. trade relations have already sparked positive responses in the market, especially in industries such as shipping, Semiconductors, and Logistics.

Zhitong FinanceMay 12 21:56

Sino-U.S. talks bring warmth! The financial markets welcome "Mad Monday," with Hong Kong stocks rising above 23,000 points, and Pre-Market Trading skyrocketing across the board.

This high-level economic and trade dialogue between China and the United States has achieved substantial progress, significantly reducing bilateral tariff levels. The U.S. has canceled a total of 91% of the additional tariffs, and China has correspondingly canceled 91% of the counter-tariffs; the U.S. has suspended the implementation of a 24% "reciprocal tariff," and China has also correspondingly suspended the implementation of a 24% counter-tariff.

Futu NewsMay 12 17:43

The Ministry of Commerce: China and the United States have canceled a total of 91% of the additional tariffs and suspended the implementation of 24% of the counter tariffs.

This high-level economic and trade dialogue between China and the United States has achieved substantial progress, significantly reducing bilateral tariff levels. The U.S. has canceled a total of 91% of the additional tariffs, and China has correspondingly canceled 91% of the counter-tariffs; the U.S. has suspended the implementation of a 24% "reciprocal tariff," and China has also correspondingly suspended the implementation of a 24% counter-tariff.

News Office of the Ministry of Commerce.May 12 15:52

Breaking! A50 surged sharply, Hong Kong stocks soared! Big news on China-U.S. trade talks!

On May 12, after the close of the A-shares market, the joint statement of the US-China economic and trade talks was released. Following the announcement, the FTSE China A50 Index Futures surged sharply, and the Hong Kong stock market experienced significant gains.

Securities TimesMay 12 15:46

Express News | The joint statement of the China-USA Geneva Economic and Trade Talks has been released.

BreakingsMay 12 15:00