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[$$] Stocks gain momentum as trade talks kick off

Alice Woodhouse in Hong Kong, Michael Hunter in London and Nicole Bullock in New York

US stocks were mixed on Monday, struggling to maintain the momentum from gains in global stock markets as initial US-China trade talks got under way. A cautious mood hung over markets ahead of planned meetings this week between Robert Lighthizer, the US trade representative, Steven Mnuchin, the US Treasury secretary, and Chinese vice-premier Liu He as the separate threat of another US government shutdown also hung in the balance. “There is an uncertainty in the air and in the markets, which is adding a little downward pressure,” said Michael Underhill, chief investment officer at Capital Innovations.