Shanghai stocks close at highest since late 2021 on hopes for Sino-US trade deal



Shanghai Composite rose 0.45% to 3,633.99, its highest close since Dec 31, 2021, on hopes of a US-China trade deal.
Defence and coal stocks led the rally, up 2.65% and 2.21% respectively.
Trump signaled a potential agreement, saying the US is "very close to a deal" with China.
Investors await key China data on trade and inflation this week for economic cues.

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