The Shanghai Composite Index and Japan's Nikkei jumped at least 1% each.
Global markets rallied on a report that China and the US are in the"final stage" of a trade deal.
Washington and Beijing are offering to lower or remove tariffs on some products, the Wall Street Journal reported on Sunday. Stock markets around the world rallied on a report that China and the US are in the"final stage" of a trade deal.that China officials have offered to trim tariffs and other restrictions on US farm, chemical, auto and other products. Washington, meanwhile, is weighing removing"most, if not all," sanctions on Chinese products.
"But with all this positivity comes the risk that the market is buying on this rumour mill and is becoming more exposed should the good news not materialize." The deal is the result of trade talks in February in Washington, the WSJ said, citing people familiar with the discussions. Snags remain and it's not yet a done deal, the WSJ said.
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