Asian Markets Edge Higher Amid Cautious Optimism Ahead of US-Russia Talks

Benchmark indices across Asia-Pacific markets showed modest gains early Thursday, buoyed by expectations of a potential Federal Reserve rate cut in September. The MSCI Asia-Pacific ex-Japan index ROSE 0.2%, extending Wednesday's rally.

All eyes remain fixed on Friday's high-stakes meeting between US and Russian leaders in Alaska, where discussions about ending the Ukraine conflict could have Ripple effects across global markets. President Trump has framed the talks as a make-or-break moment, threatening "severe consequences" should negotiations fail.

The diplomatic developments carry particular significance for Indian markets, still reeling from recent US tariff impositions tied to New Delhi's energy trade with Russia. Analysts suggest successful negotiations could ease these trade tensions.