China, HK stocks rise after Trump says conversation with Xi "friendly"




China and Hong Kong stocks rose on Friday, buoyed by U.S. President Donald Trump's comments that his recent conversation with Chinese counterpart Xi Jinping was "friendly", and that he could reach a trade deal with China.

The markets were also aided by strength in high-dividend shares, beneficiaries of Beijing's plan to introduce long-term funds that some estimate could be worth 1 trillion yuan ($137.88 billion) in fresh capital each year.

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