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Asia markets were mixed ahead of the highly anticipated Trump-Xi talks.
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With the war in Iran now past the 12-week mark, Trump has threatened for weeks to restart attacks if the country doesn't reach a deal with the US, but has yet to commit.
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Oil prices fell after U.S. President Donald Trump said he would postpone a planned military strike on Iran following requests from key Middle Eastern leaders.
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President Trump has repeatedly said he'll restart military action against Iran, only to stop short of plunging the United States directly back into an unpopular war.
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Trump, at a White House event Monday, is expected to announce an expansion of the number of discounted prescription drugs offered through TrumpRX.
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A senior U.S. official told Axios that Iran's latest proposal is not a meaningful improvement and is insufficient for a deal.
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