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· Asian stocks rose on Tuesday, bolstered by new momentum in Sino-U.S. efforts to end their acrimonious trade dispute and as Chinese e-commerce giant Alibaba made a strong Hong Kong debut in the world’s largest share sale this year.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.4% to a one-week high. Australian shares were up 0.83%, while Japan's Nikkei stock index .N225 rose 0.54%.

Shares in the region extended earlier gains after Beijing said Liu He, China’s Vice premier and chief trade negotiator, held a phone call with his U.S. counterparts and that both sides reached consensus on how to move forward in their dispute.

· Japan’s benchmark Nikkei hit its highest level in more than a year on Tuesday, led by electronics part and semiconductor-related stocks as a weaker yen and progress in Sino-U.S. trade talks buoyed appetite for export-oriented firms.

The Nikkei share average climbed as much as 1.4% to 23,608.06, its highest level since Oct. 5, 2018, but was then hit by some profit-taking to close at 23.373.32, 0.4% higher on the day.

Tokyo shares extended early gains after China’s commerce ministry said Vice premier Liu He, China’s chief trade negotiator, held a call with his U.S. counterparts and that both sides agreed to maintain communication on remaining issues.

· Chinese blue-chip shares rose on Tuesday and the Shanghai Composite Index inched higher on a rebound in high-tech firms and as renewed optimism over U.S.-China trade deal offered a mild boost.

At the close, the blue-chip CSI300 index was up 0.35%, with its financial sector sub-index lower by 0.27%, the consumer staples sector up 0.94%, the real estate index down 0.16% and the healthcare sub-index up1.06%. The Shanghai Composite index edged up 0.03% to 2,907.06.

· Shares of Chinese e-commerce giant Alibaba saw a strong debut in Hong Kong on Tuesday morning, after pricing its shares at 176 Hong Kong dollars (approx. $22.5) apiece, becoming the world’s largest listing so far.

Hong Kong-listed shares of Alibaba surged more than 6% around the open at 9:30 a.m. HK/SIN, before hitting an early intraday high of 189.50 Hong Kong dollars per share. It was around 7% above its listing price by the afternoon.

The Chinese tech titan issued 500 million new ordinary shares plus 75 million “greenshoe” options. If the overallotment option is exercised, underwriting banks will be able to sell more shares than the original amount set.

· European markets opened slightly lower on Tuesday, despite optimism over progress in the U.S.-China trade dispute.

The pan-European Stoxx 600 slipped 0.1% below the flatline in early trade, with travel and leisure stocks dropping 2% as most sectors and major bourses edged into negative territory. Autos and tech stocks bucked the trend to climb 0.2%.