India, April 17 -- Asian stocks advanced on Thursday despite escalating U.S.-China tensions and warnings from Federal Reserve Chair Jerome Powell that trade tensions risk undermining the U.S. central bank's employment and inflation goals.
Oil extended overnight gains after the U.S. issued new sanctions targeting Chinese importers of Iranian oil. Treasuries saw modest buying and the dollar ticked up slightly, while gold hovered near record levels.
China's Shanghai Composite Index edged up by 0.1 percent to 3,280.34. Beijing said it is ready to restart trade talks with the Trump administration, provided that certain key conditions are fulfilled.
Among the primary demands, China has called for more respect, a consistent trade policy, and at...