Tokyo — Asian stocks rose on Thursday, taking heart from a bounce in Chinese shares on news that China has delivered a written response to US trade demands, while oil prices resumed their retreat on fears of oversupply. US government sources told Reuters on Wednesday that China had sent a response to US demands for trade reform but gave no further details, raising the hope the two sides could resume negotiations to end their trade war. US oil futures fell 0.6% to $55.92 a barrel, after a slight bounce overnight that followed 12 consecutive losing sessions. Brent was down 0.5% at $65.89. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2%. 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. The Shanghai Composite index gained 0.8%, while Hong Kong’s Hang Seng rose 0.4%. Traders have cautiously welcomed news in recent days that Washington and Beijing have resumed informal dis...
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