Global stocks rise after US and China agree to slash tariffs by 115% – live updates

US-China agreement is a ‘pleasant surprise’ for marketspublished at 10:48 British Summer Time

10:48 BST

Nick EdserBusiness reporter

Image source, EPA

Stock markets have welcomed news of the agreement between the US and China as investors hope that a global trade war can be averted.

Hong Kong's benchmark Hang Seng Index was still trading when the announcement was made, and jumped on the news, ending the day up 3%.