China deal hopes; Tesla's new SUV; Ted Baker founder out
NEW DELHI (CNN Business) -- 1. US-China trade: Stocks across China and Asia spiked following reports that President Donald Trump and his Chinese counterpart Xi Jinping could soon strike a deal to end a yearlong trade war.
The Shanghai Composite index surged about 3% on Monday morning to reach its highest level in nine months, while Hong Kong's Hang Seng index rose 1.5%. Both indexes gave up some of their gains later in the day. Japan's Nikkei, meanwhile, closed about 1% higher.