Latin American equities jump as China signals openness

Latin American equities jump as China signals openness

Chamber Articles Category: Economic News Post Date: 04/10/18 Source: Reuters By: Reuters Staff
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Latin American markets rose on Tuesday, following a rally on Wall Street after Chinese Premier Xi Jinping promised to open up China's economy, easing
concerns about trade tensions with the United States and their potential impact on the world economy.
In a speech, Xi said China will widen market access to foreign investors, appearing to address recurring complaints by U.S. President Donald Trump. Among the measures China would
take, he said, was raising foreign ownership limits in the automobile, shipbuilding and aircraft sectors.
Xi's comments followed statements by Trump on Monday that were also considered conciliatory. During a cabinet meeting, the U.S. president said the United States would "probably" reach a deal with China including tax reciprocity and intellectual property protections. Read Full Article