Asia markets open higher as U.S.-China tariff truce deadline looms

This is CNBC’s live blog covering Asia-Pacific markets.

Asia-Pacific markets opened higher as traders awaited announcement on whether the Aug. 12 deadline for U.S.–China tariff truce would be extended.

SoftBank has selected investment banks to help organize a potential initial public offering in the United States for its Japanese payments app operator PayPay, according to two people familiar with the matter.

The banks leading preparations for the listing are Goldman Sachs, JPMorgan Chase & Co, Mizuho Financial Group and Morgan Stanley, the sources said.

The PayPay offering may raise more than $2 billion from investors when it takes place, which the sources said could be as soon as the final quarter of this year.