* MSCI Asia ex-Japan +0.1%; Nikkei +0.1%
* ANZ analysts see 'trade-headline fatigue'
* Asian stock markets: https://tmsnrt.rs/2zpUAr4
By Andrew Galbraith
SHANGHAI, Nov 22 (Reuters) - Asian equities rose on Friday,
bouncing from a three-week low touched a day earlier, but gains
were capped by persistent worries over the status of trade
negotiations between China and the United States.
Early in the Asian trading day, MSCI's broadest index of
Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.12%.
The index had fallen as much as 1.41% on Thursday, hitting its
lowest level since October 30, on concerns that U.S. legislation
on Hong Kong threatened to undermine trade talks between the
world's two largest economies.
Australian shares .AXJO were up 0.52% and Japan's Nikkei
.N225 gained 0.1%.
Worries that a "phase one" trade deal between the United
States and China might not occur until next year weighed on
investor sentiment on Wall Street overnight, pulling the S&P 500
.SPX down 0.16% to 3,103.54, the Dow Jones down 0.2% to
27,766.29 and the Nasdaq Composite .IXIC 0.24% lower to
8,506.21.
Those losses were tempered by China saying it was willing to
work with the United States to resolve core trade concerns, and
a report in the Wall Street Journal that China has invited top
U.S. trade negotiators for a new round of face-to-face talks in
Beijing. "I was ready to give up on a trade deal yesterday. But it
seems the Chinese haven't so I, we, mustn't," said Greg McKenna,
strategist at McKenna Macro.
But analysts at ANZ said in a morning note that whipsawing
hopes over a deal were starting to wear on investors in the 16th
month of the U.S.-China trade war.
"It's fair to say that some signs of trade-headline fatigue
are emerging in markets," analysts at ANZ said in a note.
While Asian stocks ticked higher, U.S. Treasury yields were
broadly unchanged after snapping three sessions of declines on
Thursday.
The yield on benchmark 10-year Treasury notes US10YT=RR
was at 1.7723%, just a hair higher than its U.S. close of 1.772%
on Thursday. The policy-sensitive two-year yield US2YT=RR , was
at 1.6046% compared with a U.S. close of 1.605%.
In currency markets, the safe-haven yen was a touch
stronger, with the dollar dropping 0.05% to 108.58 JPY= . The
euro was up 0.05% at $1.1063.
The dollar index .DXY , which tracks the greenback against
a basket of six major rivals, was unchanged at 97.993.
Oil prices retreated after hitting two-month highs on a
Reuters report that the Organization of the Petroleum Exporting
Countries and its allies are likely to extend existing output
cuts until mid-2020. U.S. crude CLc1 dipped 0.41% to $58.34 a barrel.
Spot gold XAU= edged up 0.04% to fetch $1,464.70 per
ounce. GOL/