(Yicai Global) Jan. 13 -- The ChiNext Price Index, which tracks growth enterprises in Shenzhen, closed at a new high since April 2017 today as Chinese stock markets rallied on the approaching China-US trade deal.

The ChiNext finished up 1.62 percent at 1,935.07 with most sectors making gains and chipmakers, smartphone producers and new-energy battery manufacturers leading the pack. The Shanghai Composite Index closed 0.75 percent higher at 3,115.57, a nine-month high, and the Shenzhen Component Index ended at 11,040.20, up 1.47 percent and marking a 10 month peak.

US President Donald Trump and Chinese Vice Premier Liu He are expected to pen a trade agreement this week, easing the ongoing trade conflict between the world's largest economies.

Editor: James Boynton