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    Asia stocks mixed as US-China trade talks resume

    Shares in Asia mostly rose in Friday morning trade as trade negotiations between the U.S. and China continued in Beijing.

    Mainland Chinese shares were mixed in early trade, with the Shanghai composite adding 0.28 percent and Shenzhen component gaining around 0.25 percent. The Shenzhen composite, on the other hand, slipped 0.155 percent.

    Meanwhile, Hong Kong's Hang Seng index was largely flat.

    The Nikkei 225 in Japan rose 0.59 percent in morning trade as shares of index heavyweight Softbank Group jumped 1.28 percent, while the Topix index added 0.35 percent.

    The Japanese yen, widely viewed as a safe-haven currency, traded at 110.79 against the dollar after touching an earlier low of 110.92 — from highs below 110 earlier in the week.

    In South Korea, the Kospi was fractionally lower, with shares of industry heavyweight Samsung Electronics declining more than 1 percent.

    Meanwhile, Australia's ASX 200 rose 0.28 percent, with most sectors seeing gains.

    Overnight on Wall Street, stocks rose. The Dow Jones Industrial Average gained 91.87 points to 25,717.46 and the S&P 500 added 0.4 percent to 2,815.44 — on track for its best first-quarter performance since 1998. The Nasdaq Composite rose 0.3 percent to 7,669.17.

    The moves stateside came following a Reuters report that Chinese officials made unprecedented offers regarding forced technology transfers as well as other major sticking points, as U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin arrived in Beijing for further negotiations.

    The trade standoff between the two economic powerhouses has been closely watched by investors, amid rising concerns of an economic slowdown as the bond market flashed signals that a recession could come soon.

    The 10-year Treasury rate hit its lowest level since December of 2017 on Thursday. This comes after the same bond fell below its three-month counterpart last week — a phenomenon described as a inverted yield curve, seen as an early indicator of a recession.

    The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 97.220 after rising from lows below 97.0 yesterday.

    The Australian dollar was at $0.7083 after weakening from the $0.71 handle in the previous session.

    Oil prices gained in the morning of Asian trading hours, as the international benchmark Brent crude futures added 0.35 percent to $68.06 per barrel. U.S. crude futures also rose 0.4 percent to $59.54 per barrel.

    — CNBC's Fred Imbert contributed to this report.


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