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Asian shares mostly higher after Trump and Xi agree “ceasefire”

Asian shares mostly higher after Trump and Xi agree “ceasefire”

Asian shares mostly higher after Trump and Xi agree “ceasefire”

Asian shares mostly higher after Trump and Xi agree “ceasefire”

Asian shares mostly higher after Trump and Xi agree "ceasefire"

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(3 Dec 2018) Shares are advancing in Asia after Presidents Donald Trump and Xi Jinping met and agreed to moderate tensions over trade. The Shanghai Composite index jumped 2.5 percent and the Hang Seng in Hong Kong surged 2.6 percent in early trading Monday. The US was set to raise tariffs on 200 billion US dollars in Chinese goods on 1 January but Trump agreed Saturday in a meeting with  Xi at the G-20 summit to hold off for 90 days while the two sides try to settle their differences. That looming deadline and Trump's threat to impose tariffs on an additional 267 billion US dollars of goods from China, possibly including iPhones and laptops, have been rattling markets for months. Analysts say stocks that suffered from recent turmoil may see a nice rebound. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: https://twitter.com/AP_Archive Facebook: https://www.facebook.com/APArchives Google+: https://plus.google.com/b/102011028589719587178/+APArchive​ Tumblr: https://aparchives.tumblr.com/​​ Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/aae90c3e20c743c63bfc2e6d5197cb85

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