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China leads Asian stocks higher after Trump-Kim agreement

June 12, 2018


Mainland Chinese stocks led Asian market gains on Tuesday after the highly anticipated meeting in Singapore of U.S. President Donald Trump and North Korean leader Kim Jong Un.

Both signed an agreement that reaffirmed “unwavering commitment to complete denuclearization of the Korean Peninsula.” But the document offered few details.

The Shanghai composite climbed 0.9 percent in its best day since May 31. The index reached its highest level in two days. The Hang Seng rose 0.1 percent.

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