Tokyo — Asian shares bounced from two-month lows on Thursday as world equities recovered from a sell-off triggered by escalating China-US trade tension, with investors hoping a full-blown trade war between the world’s two biggest economies can be averted. Sentiment was lifted as the US expressed willingness to negotiate a resolution to the trade fight after the proposed US tariffs on $50bn in Chinese goods prompted a quick response from Beijing that it would retaliate by targeting key American imports. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5%, a day after it hit its lowest in almost two months. Trade-dependent Singapore’s Straits Times Index rose more than 2.0%. Japan’s Nikkei gained 1.6% while markets in mainland China, and those in Hong Kong and Taiwan, are closed for the Tomb Sweeping Day holiday on Thursday. US S&P 500 mini futures rose 0.4% in Asia. On Wednesday, the S&P 500 gained 1.16% and the Nasdaq Composite added 1.45%, clawing back heavy losses...
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