India, Aug. 6 -- Asian stocks rose broadly on Wednesday as Fed rate cut hopes prevailed and U.S. President Donald Trump said the United States was close to a trade deal with China.
The U.S. dollar struggled for direction after a measure of U.S. services sector activity slowed in July due to factors such as tariffs and global trade tensions.
Gold edged lower after four days of gains, while oil prices rose nearly 1 percent following four consecutive retreats.
China's Shanghai Composite Index rose 0.5 percent to 3,633.99 on hopes for Sino-U.S. trade deal.
Trump said the U.S. is getting along with China very well and that he would meet his Chinese counterpart, Xi Jinping, before the end of the year if an agreement is struck.
Hong Kong's Ha...