Australia's S&P 200 index closed higher for a second straight week. It climbed 1.5%, or 96.8 points, to end at 6,604.2 on the day.
China's commerce ministry said a September round of meetings was being discussed with Washington, but added it was important for Washington to cancel a tariff increase.
Investors also looked to China's official manufacturing survey, expected over the weekend, which would provide a good gauge of the real impact from the Sino-US trade war.
However, Australia's benchmark saw its worst monthly loss since October and fell over 3% in August, a month dominated by several trade war flare-ups and global recessions fears.
Positive trade salvo helped mining stocks tack on 1.6% for the day.
Iron ore miners BHP Group Ltd, Rio Tinto and Fortescue Metals rose between 2.2% and 4.2%. Heavyweight banking stocks led gains on the main index, with the "Big Four" notching up between 1% and 2.1%.
Blue-chip healthcare stocks also benefited from improved risk sentiment, with biotherapeutics firm CSL Ltd and hearing implant maker Cochlear Ltd jumping 2.3% and 2.2%, respectively.
While signs of easing trade tensions placated recession fears, it weighed on the safe-haven appeal of gold stocks and sent them 0.9% lower, the only sector that ended in the red.
Gold miner Evolution Mining declined 1%.
Across the Tasman Sea, New Zealand's benchmark index surged 1.7%, or 177.13 points, to 10,757.2. It added 1.3% this week, its best weekly gain since late June.