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Markets

Asia stocks and bond yields climb as trade war fears ebb

Shanghai shares advance 1% as Kospi and Nikkei indexes also rise

TOKYO (Reuters) -- Asian stocks rose in step with their global peers while safe-haven bonds retreated on Tuesday, as signs Sino-U.S. trade hostilities might be easing for now helped restore investor confidence after the previous session's rout.

Supporting the market mood, U.S. President Donald Trump on Monday flagged the possibility of a trade deal with China and said he believed Beijing was sincere in its desire to reach an agreement. Global markets had been roiled at the start of the week by new tariffs from the world's two largest economies.

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