Global Markets A “Sea Of Green” After Trump Temporarily Eases Huawei Restrictions

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 · Most global stock markets rose Tuesday after the U.S. government issued a 90-day grace period on its order to bar U.S. firms from selling to Chinese telecom gear maker Huawei.

– ‘Sea of green’ – "Global equity markets were a sea of green on Friday as investors diverted their attention from geopolitical risks and global growth fears to focus on robust US corporate earnings," said Lukman Otunuga, a research analyst at FXTM.

Yesterday afternoon, Trump announced an easing of "sanctions" against Huawei. to help U.S. high tech corps. More importantly, this may be interpreted as an olive branch to China.not to escalate the trade war. Global Markets A "Sea Of Green" After Trump temporarily eases huawei restrictions. Like Like

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 · Asian stocks and US equity futures rose on Tuesday, with the chipmakers emerging as the best performers, after Washington temporarily eased trade restrictions imposed last week on China’s Huawei. At the close, China’s Shanghai Composite index was up 1.23%, while the blue-chip CSI300 index ended 1.35% higher.

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 · The license lasts until Aug. 19 and eases restrictions imposed last week.. Markets Fall as Huawei Hit by Trump’s Blacklist.. Global markets opened on Monday with fears of retaliation from China after the trump administration blacklisted huawei Technologies on.

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Trump made statements implicating plans to ease the restrictions on U.S. companies doing business with Huawei, explaining that they had sold a "tremendous amount of products" to the company, that they "were not exactly happy that they couldn’t sell", and that he was referring to "equipment where there’s no great national security problem with it."

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