Asian shares rise as China and US weigh fresh talks

Asian shares nudged higher on Friday as moves by the United States and China to resolve a bitter trade dispute and a sharp interest rate hike in crisis-hit Turkey supported global risk appetite.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4 percent in early trade, following gains on Wall Street overnight.


Australian shares were up 0.5 percent, while Japan's Nikkei stock index gained 0.9 percent.

On Wall Street, the Dow Jones Industrial Average rose 0.57 percent on Thursday, the S&P 500 gained 0.53 percent and the Nasdaq Composite added 0.75 percent.

US crude was 0.4 percent higher at USD 68.88 a barrel as Hurricane Florence approached the US east coast. Brent crude also up 0.4 percent, to USD 78.48 per barrel.

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