US stocks close sharply higher on Trump China comments; Broadcom surges

News Snapshot:

NEW YORK - Wall Street’s main indexes ended sharply higher on Oct 13, led by gains in Broadcom and other chipmakers, after US President Donald Trump struck a conciliatory tone about renewed US-China trade tensions, easing investor worries. Lifting sentiment, US Treasury Secretary Scott Bessent said in an interview with Fox Business Network that Mr Trump was on track to meet his Chinese counterpart in South Korea as the two sides work on de-escalating trade frictions that grew late last week. AI-related tech stocks were the biggest winners in Oct 13’s rebound. Broadcom surged almost 10 per cent after partnering...