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· Asian shares rose, China’s yuan jumped and safe-harbor assets slipped on Tuesday, amid signs of goodwill between China and the United States, as the world’s two biggest economies prepared to sign a truce in their bitter trade war.

The U.S. Treasury Department on Monday said China should no longer be designated a currency manipulator - a label it applied as the yuan dropped in August.

Beijing, meanwhile, allowed the tightly managed currency to climb to its highest point since July, after fixing the yuan’s trading-band midpoint at its firmest in more than five months.

· Japanese shares rose to four-week closing highs on Tuesday as markets resumed trading after a long weekend, with signs of goodwill between Beijing and Washington supporting risk assets ahead of the expected signing of a Phase 1 U.S.-China trade deal.

The Nikkei share average advanced 0.7% to 24,025.17, its highest close since Dec. 17, while the broader Topix added 0.3% to 1,740.53, also its four-week high.

· China stocks shed early gains on Tuesday as investors booked profits from the rally underpinned by optimism ahead of the signing of Phase 1 trade deal between Washington and Beijing.

The blue-chip CSI300 index rose as much as 0.5% to a near two-year high before ending 0.3% lower at 4,189.89. The Shanghai Composite Index eased 0.3% to 3,106.82.

· European stocks opened mixed on Tuesday as Chinese negotiators arrived in Washington ahead of the signing of a long-awaited preliminary trade deal with the U.S.

The pan-European Stoxx 600 edged 0.1% below the flatline at the start of trading, with chemicals stocks falling 0.7% to lead losses while construction and materials eked out 0.2% gains.