Asia stock markets trade mixed on Tuesday following a rally on Wall Street overnight after news of a temporary easing in U.S.-China trade tensions, with the U.S. set to cut tariffs on Chinese goods from 145% to 30% starting Wednesday,

Officials from the U.S. and China concluded the weekend’s high-stakes trade talks, with Washington touting progress toward a deal.

The return of risk appetite came as trade negotiators from the world’s two biggest economies announced Monday a massive de-escalation in tariffs.