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Australia : Asian stocks up as US-China trade tensions ease, US dollar dips

May 15, 2018 (Euclid Infotech Ltd via COMTEX) --

Asian shares held near one-month highs on Monday on signs the United States and China were toning down their trade war rhetoric, while the US dollar dipped again as investors wagered on a slower pace of US interest rate hikes.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.07 per cent, on track for a third straight day of gains and within striking distance of one-month high.

Japan's Nikkei tacked on 0.1 per cent while South Korea's Kospi index climbed 0.3 per cent.

Investor sentiment was bolstered after US President Donald Trump pledged to help Chinese telecom company ZTE Corp to "get back into business, fast", news that JPMorgan analysts said was "a significant positive".

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