U.S. government sources told Reuters on Wednesday that China had sent a response to U.S. demands for trade reform but gave no further details, raising hopes the two sides could resume negotiations to end their trade war.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.7 percent. The index had fallen the previous day as the sharp slide in oil prices heightened anxiety about the outlook for broad demand and global growth.
· Japan’s Nikkei fell on Thursday, with banking stocks sliding after disappointing earnings forecasts and losses in U.S. financial shares.
Selling in large market cap stocks such as SoftBank and Fanuc and underperformance in Apple suppliers also hurt the broader market.
· China shares jumped on Thursday after Beijing delivered a written response to U.S. trade demands, raising hopes for new negotiations between the countries, and as financial and securities companies benefited from policy support for markets.
At the close, the Shanghai Composite index was 1.4 percent higher at 2,668.17. The blue-chip CSI300 index rose 1.2 percent to 3,242.37.
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