5 Dec
by Vitaliy Dadalyan
SYDNEY/TOKYO (Reuters) – Asian stocks gained on Friday as investors took heart from U.S. President Donald Trump saying trade talks with China were “moving right along”, and U.S. oil prices sat near 2-1/2-month highs after OPEC and other producers areed to cut output. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.5% and Japan’s Nikkei added 0.3%. Trump’s upbeat tone in comments on Thursday was enough to spark buying, despite a lack of agreement between Washington and Beijing over whether existing tariffs should be dropped as part of a preliminary deal to end their trade war.
