Asian markets rose in early trading Wednesday after a report that trade negotiations between the U.S. and China had resolved nearly all major issues.

“Ninety percent of the deal is done, but the last 10% is the hardest part,” U.S. Chamber of Commerce executive Myron Brilliant said, according to the Financial Times. The report added that if a deal is not reached this week, talks may be extended to as late as June. China’s Vice Premier Liu He, the top trade adviser to President Xi Jinping, arrived in Washington on Tuesday for a continuation of high-level talks held last week in Beijing.

Read: Asian economic growth hurt by U.S.-China trade tensions, report finds

Japan’s Nikkei

NIK, +0.86%

  rose 0.7%, and Hong Kong’s Hang Seng index

HSI, +0.80%

  gained 0.8%. The Shanghai Composite

SHCOMP, +0.23%

  advanced 0.1%, while the smaller-cap Shenzhen Composite

399106, +0.01%

  declined slightly. South Korea’s Kospi

SEU, +0.57%

 rose 0.4%, and benchmark indexes in Taiwan

Y9999, +0.15%

  and Singapore

STI, +0.77%

  gained as well. Australia’s S&P/ASX 200

XJO, +0.58%

  climbed 0.6%

Among individual stocks, Uniqlo parent Fast Retailing

9983, +4.63%

  surged in Tokyo trading, and Nintendo

7974, +1.37%

  and Rakuten

4755, +0.94%

 advanced as well. In Hong Kong, Tencent

0700, +2.19%

  rose to its highest intraday price since last August, as Chinese regulators approved a batch of foreign videogame titles. Galaxy Entertainment

0027, +2.21%

  and AIA Group

1299, +1.50%

  also posted gains. LG Electronics

066570, +2.24%

  and Samsung

005930, +0.98%

  rose in Korea, and Rio Tinto

RIO, +1.78%

 gained in Australia, while Beach Energy

BPT, -2.35%


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