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Chip Stocks Surge on News of Trump-Xi Meeting at G-20 Summit

Annie Gaus

Chip stocks climbed higher on Tuesday on a surge of optimism over a possible trade deal between the U.S. and China. President Trump wrote in a tweet that he and China's President Xi Jinping will meet next week at the G20 summit in Japan, and that the two had "a very good telephone conversation" ahead of the summit, which begins on Jun.