SINGAPORE (Apr 2): Concerns about trade tensions seemed to ease early this week on news that China and US officials are negotiating ways to reduce trade imbalances. US Treasury Secretary Steven Mnuchin said in a media interview over the weekend that he was “cautiously hopeful” a deal would be reached allowing China to avoid tariffs on US$50 billion ($65.4 billion) in US exports. On March 26, the S&P 500 Index posted its biggest one-day gain since August 2015. The MSCI AC Asia Pacific Index gained 0.5%.

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