2 China-Based Stocks Higher on Hopes of U.S. Trade Deal

Investors are hopeful China-U.S. trade tensions could soon ease, after President Donald Trump said the 145% tariff on Chinese imports will drop "substantially." Plus, Treasury Secretary Scott Bessent reportedly told investors there "will be a de-escalation” in trade issues, and that the two countries have the "opportunity for a big deal."U.S.-listed shares of Alibaba Group Holding Ltd - ADR (NYSE:BABA) and JD.com Inc (NASDAQ:JD) are rising in response. The former was last seen 3.6% higher to trade at  $120. ...