Shares in Asia were set to jump at the open on Friday after sources told CNBC Thursday that Washington and Beijing have agreed to a phase one trade deal in principle, pending U.S. President Donald Trump's approval.
Futures pointed to a higher open for Japanese stocks, while shares in Australia rose in early trade.
The White House has offered to scrap the next round of tariffs on Chinese exports to the U.S. that are set to take effect on Sunday, sources told CNBC on Thursday. Washington has also proposed slashing existing duties on $360 billion in Chinese products by 50%.
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