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China deal hopes; Tesla's new SUV; Ted Baker founder out

Mar 04, 2019 - CNN
Board and Executive Moves

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.