Asia Pacific stocks set to trade mixed amid US-China trade developments

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Stocks in Asia were set to trade mixed on Wednesday following developments on the U.S.-China trade front.

In-person trade negotiations between the U.S. and China will begin next week, sources told CNBC.

Boris Johnson is set to be the U.K.'s next prime minister after winning the ruling Conservative Party's leadership race on Tuesday. Stocks in Asia Pacific were set to trade mixed on Wednesday following developments on the U.S.-China trade front.in Japan, with the Nikkei futures contract in Chicago at 21,680, as compared to the index's last close at 21,620.88.

Shares in Australia, on the other hand, were set to see opening declines. The SPI futures contract was at 6,691.0, as compared to theIn corporate news, Japan's Mitsubishi Motor is set to release its earnings for the first quarter later on Wednesday.

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