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.

British equities closed higher on Friday, as investors assessed fresh comments from U.S. President Donald Trump regarding tariffs on China ahead of a key weekend meeting between the two countries, with energy and mining stock providing further boost.

Major stock markets mostly rose Friday, with Frankfurt's DAX hitting a record high, on growing optimism that tariff tensions will ease.

Final details are under wraps but Trump promised the deal provides billions of dollars in access for U.S. agricultural products like beef and ethanol.

WASHINGTON — President Donald Trump agreed Thursday to cut tariffs on U.K. autos, steel and aluminum in a planned trade deal but played down the possibility of other nations getting similarly favorable terms on his import taxes , which are roiling the global economy.