Japan's Nikkei stock index is down 1.2 per cent as the markets reopen after a holiday. Photo: AP PHOTO

Asian stocks have tentatively rebounded in early trade, with an uneven recovery taking place across regional equity markets after signs that trade negotiations between the US and China remain on track.

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MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.5 per cent, while S&P 500 futures advanced 0.3 per cent to extend the rebound from Monday's session on Wall Street after US Treasury Secretary Scott Bessent said US President Donald Trump remains on track to mee

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