Asian Stocks Mixed Amid Unresolved U.S.-China Tariff Talks

Asian equity markets showed mixed performance amid ongoing uncertainty surrounding U.S.-China trade negotiations and anticipation of key global central bank decisions. Recent trade talks in Stockholm between the U.S. and China ended without a definitive agreement or extension of the tariff pause, leaving the final decision to President Donald Trump, who faces an August 1 tariff deadline. Investors remained cautious ahead of the Federal Reserve's policy announcement expected to keep interest rates steady, though some dissent favoring cuts is possible due to subdued inflation and mixed economic data. While U.S. Treasury yields declined to their lowest in weeks following a strong auction, Asian markets were influenced by corporate earnings and geopolitical tensions, including potential additional levies on Russia. The U.S.-EU trade deal imposing a 15% tariff on European goods contributed to market dynamics but did not offset concerns about the broader trade outlook. Overall, market participants are closely watching the evolving trade dialogue, central bank moves, and economic reports that could impact inflation and growth prospects.