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Asian stocks gain marginally on trade outlook but markets remain wary

Updated : December 05, 2019 08:34 AM IST

Asian stocks edged up on Thursday on signs the United States and China were on track for a preliminary trade deal, though optimism was tempered by the almost daily shifts in prospects for defusing the damaging tariff war now in its second year.
Investors were quick to latch on to a Bloomberg report on Wednesday that Washington and Beijing are closer to agreeing how many tariffs would be rolled back in a "phase one" trade deal.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent. Australian shares were up 0.9 percent, while Japan's Nikkei stock index rose 0.81 percent.
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