Asian stocks edge up, US futures erase losses on China trade talks
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Asian stocks edged up and US equity-index futures erased losses Friday after China said it’s evaluating possible trade talks with the US. The MSCI Asia Pacific Index gained 0.1% after China’s Ministry of Commerce said it’s evaluating negotiations. Japanese shares gained 1.1% on positive comments from Japan’s chief trade negotiator. Futures contracts for the S&P 500 reversed earlier losses to gain 0.2%. News of trade talks between China and the US helped reverse weak sentiments after disappointing results from Apple Inc. and Amazon Inc. had hurt sentiments early Friday. Strong tech earnings had largely driven optimism on Wall Street along with expectations that trade deals will offer many countries a reprieve from the highest tariffs unveiled April 2. Traders will turn their attention to the US jobs report that releases Friday, the last piece of significant data this week. “Results from Amazon and Apple are a bit of a damper on the mar...