Asia stocks gain as Trump says China trade deal could be 'soon'

TOKYO - Asian stocks rose on Thursday as hopes the United States and China may soon end their year-long trade war boosted demand for riskier assets while worries about a US presidential impeachment bid ebbed.

Lifting investor mood, Trump said a deal to end a nearly 15-month trade war with China"could happen sooner" that people think, which would remove a huge shadow over the global economic outlook. "It feels like the markets are looking to rally. It seems the markets haven't caught on to the fact these headlines about trade bounce around from one day to the next."

Analysts tempered their optimism over a resolution to the trade war because Trump's public comments often send mixed signals. Dallas Federal Reserve President Robert Kaplan said the odds of a recession in the next 12 months are relatively low, another reason for investors to shift more money into equities.

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