China’s stock exchange merely had its best day in more than 3 years

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Hong Kong( CNN Business) Shanghai stocks just had their best day in more than three years after commentaries from the leaders of China and the United Nation brought investors piling back into the market.

Some of the encouragement came from US President Donald Trump, who announced that he’ll delay a major tariff hike on Chinese exports in order to give the two countries more time to reach a trade deal. Trump tweeted that trade negotiators had built “substantial progress” and that he will meet Chinese President Xi Jinping “to conclude an agreement” if the talks continue to advance.

Xi also contributed to the sharp rise with commentaries over the weekend calling for the development of China’s financial industry, which investors interpreted as encouragement to move money into the sector.

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