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· Asian share markets were mixed in subdued trade on Tuesday, pending clearer news on whether U.S.-China negotiations will reach a preliminary accord to end the prolonged trade war between the world’s two largest economies.

Meantime, hopes that Beijing will deliver some economic stimulus provided a boost to sentiment.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.3%, with Shanghai blue chips .CSI300 gaining 0.6% and Hong Kong's Hang Seng .HSI up 1%.

· Japanese shares slipped on Tuesday, with exporters pressured by a firmer yen against the dollar, while investors awaited clarity on the progress of negotiations to end the trade war between the United States and China.

The benchmark Nikkei share average slid 0.5% to 23,292.65 and the broader Topix fell 0.2% at 1,696.73.

Overnight, Wall Street’s main indexes were mostly flat, looking for direction on trade, though they ended the day inching up to record closing levels.

CNBC reported on Monday that the mood in Beijing was pessimistic about the prospects of sealing a phase-one deal with Washington.

On the other hand, a new extension allowing U.S. companies to continue doing business with Chinese telecoms giant Huawei Technologies Co Ltd suggested something of an olive branch.

· China stocks rose the most in two weeks on Tuesday, as a cut in a key interbank funding rate on Monday bolstered hopes for more government stimulus to prop up slowing growth.

The blue-chip CSI300 index rose 1.0%, to 3,947.04, while the Shanghai Composite Index gained 0.9%, to 2,933.99.

The People’s Bank of China unexpectedly trimmed a closely watched money market funding rate on Monday, the first such cut in more than four years and a signal to markets that policymakers are ready to act to prop up slowing growth.

The seven-day reverse repurchase rate was cut to 2.50% from 2.55%.

· European markets opened in positive territory on Tuesday despite uncertainty and pessimism over the outcome of trade talks between the U.S. and China.

The pan-European Stoxx 600 climbed 0.3% in early trade, with travel and leisure stocks rising 0.7% to lead gains as the majority of sectors and major bourses advanced.

The status of trade talks between economic superpowers China and the U.S. remains in focus for global investors. Stocks in Asia were mixed in Tuesday afternoon trade amid concerns over the state of negotiations.