Domestic metal stocks rallied over 8% after the US and China agreed to ease tariffs for 90 days, boosting global metal prices and market sentiment.

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The dollar jumped and government bonds sold off as markets reacted to a de-escalation in the trade war between China and the US, which agreed to temporarily lower some tariffs for 90 days.

The dollar soared and Treasuries fell as the trade war between China and the US eased, stoking appetite for risk assets.