Asian markets mixed as U.S.-China trade talks head into second day

Asian stock markets were mixed in early trading Tuesday, as investors kept an eye on the second day of trade negotiations between the U.S. and China. While the mid-level talks, held in Beijing, were not expected to produce a deal, there was hope that they would lead to higher-level negotiations that could tamper down trade tensions and end the tit-for-tat tariff war. “I think there’s a very good chance that we will get a reasonable settlement that China can live with, that we can live with and that addresses all of the key issues,” U.S. Commerce Secretary Wilbur Ross said in an interview Monday, Reuters reported

Trade talks with the American delegation began Monday, and a Chinese official said China is willing to resolve the trade dispute, as long as it is on an equal footing as the U.S., according to CNBC. “This is the biggest wild card, because you don’t know exactly how these parties are going to reach an agreement,” said Jason Pride, chief investment officer of private clients at Glenmede. “Just keeping the tariffs that have been announced so far and not going ahead with new ones would be a positive surprise for the market.”

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