Asian stocks up as Sino-U.S. trade talks in focus, dollar supported

TOKYO - Asian stocks stepped ahead on Friday as sentiment improved on a report that more progress has been made in U.S.-China trade talks and after UK lawmakers voted to delay a potentially chaotic exit from the European Union.

Yet, the prospect of the trade talks taking longer than expected tempered the cheer, and there was still no clarity on how close the two economic powers are on reaching an agreement. “Initial expectations were for the trade talks to wrap up in March. So any delay causes the markets to automatically assume that the negotiations are not going well, and this is a negative factor for equities,” said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management in Tokyo.

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