China ETFs Pop as Traders Gain Renewed Confidence on U.S. Trade Talks

“We, of course, hope, and the people of the world want to see, a good result,” Chinese Foreign Ministry spokeswoman Hua Chunying said at a news briefing in Beijing.

The latest U.S.-China advances in trade talks come in ahead of a looming March 1 deadline set for signing a trade pact. If the two countries fail to come to an accord by then, the U.S. has warned that additional tariffs on Chinese imports will be executed.

“Markets are taking a wait-and-see approach today,” Randy Frederick, vice president of trading and derivatives for Charles Schwab, told Reuters. “Everyone would like to see a resolution on both trade and the government shutdown, but right now there aren’t many new signs of progress in either.”

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