Asia Markets: Asian markets mixed as investors mull significance of trade truce

Asian markets were mixed in early trading Tuesday, as investors weighed the tariff truce between the U.S. and China and the potential for a trade deal.

President Donald Trump said Monday that renewed talks have “already begun,” CNBC reported, and added that any deal “has to be better for us than for them.” But days after the trade-war timeout was announced, details were still scarce, with no announcement of high-level negotiations and the looming possibility that new tariffs could still be imposed if talks are not successful.

Stocks rose on Wall Street, though off session highs, and Morgan Stanley analysts warned that barring concrete progress, the truce rally may be short-lived.

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