G20 Summit: What You Need to Know About the Rail and Port Deal and Its Impact on Stocks

G20 Summit 2023: Most railways and shipping stocks were trading in positive territory on Monday, September 11. The stocks rallied after global leaders announced a multinational rail and port deal linking the Middle East and South Asia on Saturday on the sidelines of the G20 summit in New Delhi. The pact comes at a critical time as US President Joe Biden seeks to counter China's Belt and Road push on global infrastructure by pitching Washington as an alternative partner and investor for developing countries at the G20 grouping.