New York — US stocks and emerging-market currencies rebounded on Thursday after China said it will hold trade talks with the US later in August and Turkey’s lira continued its recovery run. US equities rose on hopes that Beijing and Washington may resolve a conflict that has roiled financial markets since early March. On Thursday, China said a delegation led by its vice-commerce minister would travel to the US for talks. The dollar dipped on news of the US-China talks as investors returned to currencies that had been sold off. The Chinese yuan gained 1.1% to 6.87 to the dollar. The euro rose 0.3% after closing the previous day at its lowest point since July 2017. The Turkish lira rose 3% to 5.79 to the dollar, supported by Qatar’s pledge on Wednesday to invest $15bn in Turkey. Other emerging-market currencies, such as Russia’s rouble and Mexico’s peso, also rose. The retreat in the dollar also steadied global equities. MSCI’s index of world stocks rose 0.7%. Emerging-market stocks, ...
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