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Global Markets: Stocks pare gains with next phase of U.S.-China trade saga in focus, euro buoyant

Reuters  |  TOKYO 

By Shinichi SaoshiroTOKYO (Reuters) - Asian stocks rose modestly on Wednesday, paring earlier gains as optimism that trade ties between Washington and Beijing were on the mend gave way to questions about the next phase of the diplomatic tit-for-tat between the two countries.MSCI's broadest index of Asia-Pacific shares outside Japan was 0.35 percent higher. It gained 1.2 percent the previous day after a speech by Chinese President Xi Jinping was seen as striking a more conciliatory stance following a week of tit-for-tat tariff threats between Beijing and Washington.The index's surge lost some ...

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First Published: Wed, April 11 2018. 08:04 IST