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SEC-Deloitte Agreement Spurs Rally Led by Baidu

Chinese stocks trading in New York rebounded as an accord between U.S. regulators and Deloitte Touche Tohmatsu CPA Ltd. damped concern that a ban on the Asian nations’ accounting firms would delay earnings reports.

The Bloomberg China-US Equity Index of the most-traded Chinese stocks in the U.S. climbed 1.5 percent to 98.73 in New York, after plunging 6.6 percent in the previous three days. Baidu Inc., China’s biggest web search engine, rose the most in a month and online bookseller E-Commerce China Dangdang Inc. jumped 8.7 percent. TAL Education Group surged 15 percent, the most since 2011.