Tokyo — Asian shares won a reprieve on Thursday, as news that the Trump administration has reached out to China for a new round of trade talks raised hopes a deal could be struck in the bitter tariff dispute between the world’s two biggest economies. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6%, a day after it hit 14-month lows. China’s A-shares shot up 1.2% on hopes for reduced trade tension, but the excitement did not last long, and the index’s gain was almost erased, leaving it up only 0.1%. Japan’s Nikkei gained 0.9%. On Wall Street, the S&P 500 was up 0.04% on Wednesday. Senior US officials, led by treasury secretary Steven Mnuchin, recently sent an invitation to their Chinese counterparts, including Vice-Premier Liu He, to hold another bilateral trade meeting. That development comes as more than 85 US industry groups launched a coalition on Wednesday to take public their fight against President Donald Trump’s trade tariffs. The tariffs have escalated fa...

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