TOKYO: Asian stocks rose on Tuesday as an apparent olive branch from Beijing in trade talks with Washington added to other recent signs of progress, fuelling a rally in Wall Street's main benchmarks to record highs.
A quick resolution to the U.S.-China trade war is far from certain, because relations between the world's two-largest economies have often been acrimonious and negotiations have stalled many times before. Traders pointed to China's decision to increase punishments for intellectual property rights violations as a fresh concession to the United States in the drawn-out and volatile negotiations.
However, in a sign of prevailing market nerves, U.S. stock futures fell 0.02per cent in Asia on Tuesday.