Asian Markets Rally On Encouraging Trade Developments

Asian markets gained in early trading Monday after the U.S. removed the threat of tariffs against Mexican imports on Friday and China released better-than-expected trade data for May. China announced Monday that its exports grew 1.1% in May from a year earlier, expectations of a 3.8% decline by analysts polled by FactSet. Investors had expected both indicators to shrink given softening external conditions.
Stocks in Asia made early gains on news that President Donald Trump had suspended plans to impose tariffs on Mexico after the two countries arrived at an agreement on immigration.

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