<h1>Asian markets trade mixed as U.S. records, Fed cut bets, U.S.-China framework hopes boost tech and autos</h1> Asian markets traded mixed after U.S. benchmarks hit records amid growing market bets that the Federal Reserve will soon cut its policy rate. Major Asian indices showed modest gains and losses while Treasury yields fell on easing rate expectations. U.S. officials reported a tentative U.S.-China framework deal over a popular social video platform pending leaders' talks. Tech and auto stocks led gains after a large insider-equivalent purchase and strong rallies at major tech firms, though a prominent chipmaker faces an antitrust probe in China. Markets remain vulnerable to disappointment if the Fed's cuts are smaller or slower than expected.