India, Aug. 7 -- Asian stocks advanced on Thursday as U.S. President Donald Trump's sweeping new tariffs take effect against dozens of countries.
Underlying sentiment was underpinned by Fed rate cut bets, hopes for a Sino-U.S. trade deal and better-than-expected Chinese export data.
The dollar index slipped under the 98 mark as recent weak jobs data revived September rate cut speculation.
Gold rose more than half a percent to hover around $3,390 per ounce levels, while oil prices rose about 1 percent after the Energy Information Administration's (EIA) latest report revealed a bigger than expected drop in crude oil inventories.
China's Shanghai Composite Index edged up by 0.2 percent to 3,639.67 as data showed exports surged 7.2 percent ...