Trump hails limited trade deal with China
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Asian equities started the week on a strong note as Hong Kong and South Korea outperformed, while Australia was closed for the King’s Birthday and Indonesia and Pakistan were closed for Eid al-Adha.
China has reported its exports rose 4.8% in May from a year earlier, lower than expected as shipments to the United States fell nearly 10%
China sets six-month limit on the easing of export controls on vital rare earth minerals and magnets necessary for key sections of US industry.
One expert said he expected loosened controls on U.S. exports of semiconductors in exchange for China's releasing of more rare earths.