Shares are mixed in Asia as investors pin their hopes on weekend trade talks between China and the U.S. U.S. futures and oil prices logged modest gains.

U.S. stocks rallied on Thursday as investors cheered a new trade agreement hammered out between the United States and Britain, while U.S. President Donald Trump signaled upcoming talks with China would be more substantial than initially thought.

Stocks and other financial markets have been swinging with hopes that President Trump could reach such deals that would lower his tariffs, which many investors believe would cause a recession if left unchecked.