Most Asian stock markets climbed on Friday, led by Japan, as a new U.S.-UK trade deal framework sparked hopes for tariff negotiations with other countries, especially China.

Oil prices were up on Friday, after rising about 3% in the previous session, as trade tensions between top oil consumers U.S. and China showed signs of easing and Britain announced a "breakthrough" trade deal with the United States.

Oil prices rose 1% on Thursday, supported by hopes of a breakthrough in looming trade talks between the United States and China, the world’s two largest oil consumers.

Most Asian stocks rose marginally on Thursday amid increased hopes for a deescalation in U.S. President Donald Trump’s tariff agenda ahead of trade talks between Washington and Beijing later this week. 

The U.S. dollar rose Thursday, retaining some strength after the Federal Reserve highlighted stagflation risks at its latest meeting, prompting traders to push out the chance of near-term rate cuts.

Thailand’s economy and exports will grow less than expected this year because of U.S. tariffs, a leading business group said on Wednesday, adding the country could lose market share in the United States if a tariff reduction was not secured.