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Nikkei Markets

Asian equities surge as optimism over US-China trade deal returns

Samsung Electronics, Hynix jump

HONG KONG (Nikkei Markets) -- Asian shares outside of Japan advanced Tuesday, led by Chinese companies and South Korean chipmakers, amid lingering optimism over the U.S.-China interim trade deal.

The Nikkei Asia300 index rose 1.6% to 1,381.71. Samsung Electronics advanced 3.7% and its rival SK Hynix jumped 4.7% tracking U.S. peers. The Philadelphia Semiconductor index added about a 1% yesterday to take the year-to-date rally to more than 55%.

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