India, May 7 -- Asian stocks advanced on Wednesday after confirmation that trade talks between the U.S. and China would take place in Switzerland this week, marking the first formal talks between the countries since U.S. President Donald Trump declared sweeping tariffs last month.
Sentiment was also bolstered after chipmaker Advanced Micro Devices reported strong financial results for the first quarter of 2025 and China reduced its policy rate to boost the economy.
Treasuries dropped and the dollar snapped three days of declines before a Federal Reserve meeting later in the day to determine policy amid rising economic uncertainty. Oil extended gains after rallying more than 3 percent in the previous session.
China's Shanghai Composite In...