Asian bourses rallied on Monday, following a truce in the Sino–US trade war. In return for a three-month delay to a scheduled increase in US tariff rates, China is expected immediately to increase its imports from the US, and to step up negotiations about other concerns such as forced technology transfers and cyber espionage. China’s Shanghai A share index rose 2.5%, while indices in neighbouring economies that are dependent on the Middle Kingdom, including Vietnam and Taiwan, also experienced significant gains. The positive sentiment could be detected stateside. Immediately after opening, the S&P 500 was trading 1.3% higher. The more