TOKYO – Asian shares traded mixed on Tuesday after Wall Street set new records as investor anticipation grew that the U.S. Federal Reserve will announce the first cut of the year on its main interest rate.

Japan's benchmark Nikkei 225 came off a holiday to momentarily reach about 45,000 points in the morning session, then traded 0.3% higher than the previous close at 44,904.13. Australia's S&P/ASX 200 edged up 0.2% to 8,871.30. South Korea's Kospi rose 1.1% to 3,446.13.

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Hong Kong's Hang Seng declined 0.2% to 26,384.95, and the Shanghai Composite fell 0.4% to 3,846.61. U.S. Treasury Secretary Scott Bessent said after weekend trade talks in Spain that a framework deal had been reached between China and the U.S. over the ownership of popular social video platform T

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