Most Asean markets gain on optimism over trade deal, China rate cut

SINGAPORE: Most Southeast Asian stock markets rose on Tuesday on signs that Washington and Beijing were nearing a trade truce, while fresh stimulus measures in China, the region's largest trading partner, also supported buying.

Global equities got a boost after the Financial Times reported that the United States is considering dropping existing tariffs on Chinese goods as a concession to seal a partial deal, which according to U.S. officials, could be signed this month.