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· Asian stocks pared gains on Thursday (Sept 26) and safe-haven assets rose as optimism for a quick resolution to the US-China trade war faded.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1per cent. Japan’s Nikkei slid 0.12 per cent.

Asian shares got off to a bright start after US President Donald Trump said a deal to end a nearly 15-month trade war with China “could happen sooner” that people think.

However, the positive mood faded and Chinese shares fell 0.35 per cent as Trump’s repeated mixed messages about trade negotiations caused investors to curb their enthusiasm.

Treasury prices and gold rose in a sign that some investors preferred safe assets given lingering risks posed by trade friction and political uncertainty.

· Japanese shares edged up on Thursday, tracking an upbeat Wall Street session, as investors welcomed U.S. President Donald Trump’s hints of progress toward a trade deal with Beijing, with auto and China-related stocks leading the gains.

The benchmark Nikkei average added 0.1% to 22,048.24, while the broader Topix advanced as much as 1.0% to 1,635.88, its highest intra-day level since Dec. 5, and ended the session up 0.2%.

President Trump stoked trade optimism on Wednesday by saying China wants “to make a deal very badly” and an agreement to end a nearly15-month trade war with China “could happen sooner than you think.”

· China stocks ended lower on Thursday as mixed signals from Washington and Beijing raised doubts whether the two sides would make any progress in their next round of trade talks.

The blue-chip CSI300 index fell 0.8%, to 3,841.14, while the Shanghai Composite Index shed 0.9% to 2,929.09 points.

· European stocks traded higher on Thursday amid hopes that the U.S. and China will be able to resolve their protracted trade battle.

The pan-European Stoxx 600 rose 0.4% in early trade, technology stocks leading the way with a 1% gain while banks fell 0.4% as the majority of sectors and major bourses entered positive territory.

Traders are monitoring the latest global trade developments after President Donald Trump said on Wednesday that a deal to end the standoff between the two countries could happen sooner than expected.