·       Asian shares dipped on Tuesday, running out of steam after a brief rally sparked by hopes that Washington and Beijing may be inching towards a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows further.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS reversed from early gains to slip 0.2 percent, dragged lowern by falls in China .SSEC.CSI300 and Taiwan .TWII, while Japan's Nikkei .N225 rose 0.8 percent.

·       Japan’s Nikkei ended higher on Tuesday, tracking Wall Street on signs that the United States and China were inching closer to a detente in trade tensions, while a weaker yen lifted exporters.

The Nikkei share average closed 0.82 percent higher at 20,204.04, comfortably sitting above the psychologically important line of 20,000.

·       China stocks closed slightly lower on Tuesday amid investor caution as U.S. and Chinese officials seek to reach a trade deal in Beijing.

The blue-chip CSI300 index fell 0.2 percent, to 3,047.70, while the Shanghai Composite Index lost 0.3 percent to 2,526.46.

U.S. Commerce Secretary Wilbur Ross predicted on Monday that Beijing and Washington could reach a trade deal that “we can live with” as dozens of officials from the world’s two largest economies resumed talks in a bid to end their trade dispute.