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This is CNBC s live blog covering Asia-Pacific markets Asia-Pacific markets mostly fell Thursday after mostly gaining in the previous session on easing U S -China commerce tensions Japan s benchmark Nikkei fell while the Topix lost South Korea s Kospi declined while the small-cap Kosdaq slipped Hong Kong s Hang Seng index dropped while mainland China s CSI lost India s Nifty traded flat at the open Australia s benchmark S P ASX added While markets have largely priced in peak tariff-related macro stress we remain wary of a second wave of volatility this time driven by fiscal guidelines uncertainty and weakening U S hard evidence Citi analysts stated in a note U S stock futures slipped in overnight trading after the S P index rose for a third straight day China and the U S hammered out a temporary suspension of their tit-for-tat tariff dispute earlier this week Overnight the S P rose modestly extending a strong start to the week that pushed the benchmark into the green for the year The broad industry index inched up to close at while the Nasdaq Composite gained and ended at However the Dow Jones Industrial Average fell points or to settle at CNBC s Brian Evans and Jesse Pound contributed to this record China equities to remain volatile even after tariff reprieve says portfolio manager China equities are expected to stay volatile in the near term even after the newly informed U S -China tariff reprieve Vivian Thurston portfolio manager for William Blair s Emerging Markets Advancement band informed CNBC While there is now a temporarily reduced tariff on China exports from an extremely high level of it still remains high at she added I believe it is too early to call a sustained rerating of Chinese equities she declared China s CSI was down in choppy deal as of a m local time Lee Ying Shan Australia s employment in April beat expectations Australian net employment in April surged by workers sharply beating Reuters estimates of a increase content from the Australian Bureau of Statistics proved This compares against a climb in March The country s unemployment rate remained at in line with Reuters forecast Lee Ying Shan China boosts liquidity by over billion as reserve requirement cut takes effect China on Thursday relaxed the reserve requirement ratio by basis points according to state media Xinhua The reserve requirement ratio determines the amount of cash banks must hold in reserves The move which was informed by the country s central bank last week will unleash additional liquidity of trillion yuan billion to the industry The central bank also unveiled other sweeping plan actions including interest rate cuts to boost advancement amid deal volatility Lee Ying Shan Citi expects oil prices to fall on a workable U S -Iran deal Citi analysts see oil prices falling later in the year after they inched up in the last few days as the possibility of a U S -Iran nuclear deal draws close Brent prices have risen above per barrel from newest lows of as U S -China arrangement tensions eased Citi forecasts oil prices to average around to per barrel in the second and third quarter this year especially with prospective geopolitical dealmaking on the cards between the U S and the Middle East Investors are keeping a close eye on U S President Donald Trump as he tours Saudi Arabia Qatar and the UAE Lee Ying Shan S P closes higher for third day The S P closed higher on Wednesday with the benchmark notching its third straight positive session The broad area index added to finish the session at while the Nasdaq Composite gained to The Dow Jones Industrial Average slipped points or to close at Brian Evans