This weekend, U.S. President Donald Trump and Chinese President Xi Jinping are going to meet for discussions on trade and commerce at G20 summit in Buenos Aires.
The United States has levied additional duties of between 10 percent and 25 percent on $250 billion of Chinese goods this year as punishment for what it calls the country's unfair trade practices, with the 10 percent tariffs set to rise to 25 percent next year.
Earlier, China's stock markets fell on Thursday as fragile investor sentiment shattered earlier gains, and as trading volumes remained lighter than average ahead of a widely anticipated meeting between the U.S. and Chinese presidents this weekend.
The dollar and U.S. Treasury yields fell after Jerome Powell said, on Wednesday that U.S. policy rates were "just below" neutral, less than two months after saying rates were probably "a long way" from that point.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent.
Meanwhile, Russian President Vladimir Putin and U.S. President Donald Trump are scheduled to meet for talks at 14.30 GMT on Dec. 1 on the sidelines of the G20 in Argentina.