Global stocks rose and the dollar weakened as investors welcomed the muted action from US president Donald Trump in the dispute with China over Hong Kong.
Benchmark indices in Asia and Europe rallied and the US currency softened against other major world currencies following Mr Trump’s decision to revoke special trade privileges for Hong Kong late on Friday.
His move was in retaliation for Beijing’s decision to impose a controversial security law on the former UK colony, but he failed to unveil any specific measures against the financial hub. Analysts said the phase one trade deal with China appeared safe for now.
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