Markets watch: Asian stocks rise; crude gains as US-China tariff truce lifts sentiment

Asian stocks experienced gains, led by Japan’s Nikkei reaching a record high, following the US-China tariff truce extension. This eased trade tensions and stabilized oil prices. Australia’s index also hit a record high amid expectations of interest rate cuts. Investors are now focused on upcoming US consumer price inflation data and its potential impact on Federal Reserve rate cut expectations.