<h1>Asian markets mix after US rally as presidential trade reassurances offset tariff threats, export controls and AI valuation worries</h1> Asian markets traded mixed after a US rally following reassurances from a national president about bilateral trade relations with a major trading partner; earlier tariff threats and accusations had sparked sharp market swings and retaliatory tariff and export-control moves, while officials suggested a possible leaders' meeting at an upcoming regional summit though talks remain unclear. The volatility reflected concerns that equity valuations outpace profits, particularly in AI-linked sectors, and raises legal and commercial stakes around trade policy, tariffs, export controls and forthcoming corporate earnings disclosures.