Asian stocks fluctuated Wednesday, with investors struggling to track a strong day on Wall Street as euphoria over the China-US trade detente petered out. "We have the confines of a very, very strong deal with China.

Stocks edged up in Asia on Wednesday while the dollar wobbled as relatively benign U.S. inflation data fed into prospects of rate cuts by the Federal Reserve later this year even as investors were still gauging if the worst of the trade conflicts was over.

Asian markets diverged after the US-China tariff pause. Nikkei and ASX rallied, while Hang Seng fell on tech losses ahead of key corporate earnings.

The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.

The simulator forecasts the financial impact of differing tariff rates, revealing which sectors will face the largest impact.

Asian stocks rise on hopes of a US-China trade deal as tariff tensions ease. Hang Seng and ASX 200 show early gains.

The new deal between the United States and China means Americans can expect smaller price hikes in coming weeks and fewer shortages.

The United States and China slashed tariffs on each other’s goods in a surprise breakthrough aimed at reviving trade between the economies. — British plane and aircraft parts are exempt from any potential tariffs that could stem from the Trump administration’s latest Section 232 investigation.