U.S. and China trade talks loom as stocks rise on improved global trade relations.

Asian stocks were mixed as investors reacted to positive trade rhetoric between the U.S. and China, and a new trade deal between the U.S. and UK. China's exports rose 8.1% in April but dropped significantly to the U.S., impacted by high tariffs. President Trump proposed lowering tariffs on China from 145% to 80%, but analysts say this may not significantly ease goods prices. The U.S. and China are set to hold talks in Geneva, aiming to resolve trade tensions. World stocks reached a six-week high, fueled by optimism over the U.S.-UK trade deal and the potential for progress with China.