Tokyo — Asian stocks bounced from a three-and-a-half-month low on Wednesday as a slight softening in rhetoric from US President Donald Trump helped ease worries about the US-China tariff war and on expectations Beijing could release more economic stimulus. Shares in Asia were led by strong gains in Chinese equities, which rebounded after two days of losses. “Chinese stocks are mounting a rebound as they had been oversold in recent sessions. Sentiment is also better as President Trump seems to be desiring a compromise,” said Kota Hirayama, senior emerging markets economist at SMBC Nikko Securities in Tokyo. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.5%. The index had fallen to its lowest level since the end of January the previous day as the Sino-US trade conflict intensified. Beijing on Monday imposed a tariff hike on US goods following Washington’s decision last week to hike its levies on Chinese imports. However, Trump on Tuesday said he had a “very good” ...
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