The trade agreement signed by President Donald Trump and Beijing's lead trade envoy comes amid seismic shifts in supply chains and investment hastened by the tariff war that began in 2018.

Shares were mixed in Asia on Friday after White House officials said China and the U.S. were getting close to an agreement to cool tensions over trade.

Shares declined Monday in Asia as investors watched for the latest developments in the China-U.S. trade war saga.