US Defence Secretary Hegseth says US President Trump has a good relationship with Chinese President Xi
Context
The statement from US Defence Secretary Hegseth about President Trump's positive relationship with President Xi could suggest a potential easing of tensions between the US and China. This dynamic might influence market sentiment positively, particularly for equities and trade-sensitive currencies, but the durability of this relationship will be key in implying any long-term changes in policy or market direction.
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