Daily Times

Asian markets mostly fell on Wednesday as investors took their foot off the pedal following weeks of gains, with focus on the signing later in the day of the China-US trade deal.

While the mood on trading floors was broadly upbeat as tensions between the economic superpowers ease, analysts warned there will not likely be much more progress on the next phase of talks ahead of the November US presidential election.

The mini pact, which has de-escalated a two-year stand-off that has jolted the global economy, saw the White House halve tariffs on $120 billion of Chinese goods imposed on September 1 and cancel another round set for December 15. In return, Beijing pledged vast sums to buy US products including pork and soybeans.