Trump said on Monday that Chinese officials had contacted their U.S. trade counterparts and offered to resume negotiations, an assertion that China declined to confirm.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3% after dropping 1.3% the previous day.
· Tokyo stocks rose Tuesday after sharp falls the previous day, as concerns eased over further escalations in the U.S.-China trade conflict after President Donald Trump showed willingness to resume dialogue with Beijing.
The 225-issue Nikkei Stock Average ended up 195.04 points, or 0.96 percent, from Monday at 20,456.08. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 11.66 points, or0.79 percent, higher at 1,489.69.
Market sentiment was lifted from the outset of Tokyo trading after Trump's remarks on U.S.-China trade boosted U.S. stocks overnight, with the Nikkei gaining about 270 points in morning trading.
· China stocks rallied on Tuesday, bolstered by upbeat industrial profits in July, while possible easing in Sino-U.S. trade tension also aided sentiment.
The blue-chip CSI300 index rose 1.4% to 3,816.95, while the Shanghai Composite Index also closed 1.4% higher at 2,902.19.
The pan-European Stoxx 600 slipped 0.2% in the opening minutes of trade, autos, construction and chemicals stocks leading losses with 0.5% declines while utilities edged 0.3% higher as most sectors and major bourses traded in the red.
Reference: CNBC, Reuters
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