Asian markets gain, with China leading the advance after recent trade shock

Asian stocks closed higher on Thursday, shaking off overnight jitters amid elevated trade tensions between the U.S. and its trading partners. China stocks reversed sharp losses seen in the last session, with the Shanghai composite closing up 2.18 percent. Asian stocks closed higher on Thursday, with markets shaking off some of the trade jitters seen overnight after the Trump administration announced a list of Chinese goods that may be subject to new tariffs.