(Yicai Global) Dec. 3 -- The stock of privately owned Chinese meat and food processor WH Group climbed today due to the promised ceasefire between China and the US regarding trade issues.

The stock [HK:288] rose 14.36 percent this morning to HKD6.53 at 11 a.m. The trading volume was 6,485 million shares. 

China's President Xi Jinping and US leader Donald Trump announced a 90-day break to negotiate a deal. The statesmen met at the Group of 20 summit that was held in Buenos Aires, Argentina, from Nov. 30 to Dec. 1. 

Luohe-based WH Group owns some major meat processors, including Henan Shuanghui Investment & Development, and Virginia-based Smithfield Foods.

Shuanghui's stock also rallied with a nearly 5 percent jump in the morning session. 

Editor: Emmi Laine