India, April 8 -- Asian stocks advanced on Tuesday, with Japanese markets leading regional gains after U.S. Treasury Secretary Scott Bessent said Japan is likely to be prioritized in trade talks with the Trump administration.
Some calm returned to the markets even as trade tensions escalated, with Beijing saying that the U.S. threat to escalate tariffs against China is a "mistake on top of a mistake" and amounts to blackmail.
Treasuries yields and the dollar were steady in Asian trading, while gold fell toward $3,000 per ounce. Oil edged up slightly after hitting a nearly four-year low in the previous session.
China's Shanghai Composite Index rallied 1.6 percent to 3,145.55 as the government unleashed a series of measures to stabilize st...