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China and the U.S. may have called a timeout on their trade war, but what's the reaction?

Live from the UK, this is the

Marketplace Morning Report from the BBC World Service. I'm William Lee Adams. Good morning.

A pause in US-China trade hostilities has been met with relief by investors. As Asia stocks rose

today, the BBC's Nick Marsh has the details. A thawing, a resetting, stabilisation, call it what you want.

Things do seem a bit more peaceful between Washington and Beijing,

Xi Jinping and Donald Trump, of course, met in South Korea last week,

and they basically agreed to sort of step back from the brink of a fully blown trade war. Markets here in Asia seem to like it.

Everything is pretty much up across all stock markets. The United States has agreed not to go ahead

with these huge 100% tariffs on China because China has said, OK, we're going to allow you some

access to our rare earths, which they are threatened to tighten up. we're going to allow you some access to our rare earths,

which they are threatened to tighten up.

They're going to resume the exports of very, very crucial computer chips needed for the whole global car industry,

basically made by a small company called Nixperia.

All of these different things on the table, all these different threats hanging over each other,

but things do seem to have

...