RECAP: Emerging Asian markets fell yesterday as surging oil prices and limited progress in US-Iran peace negotiations heightened concerns over inflation and economic uncertainty. As well, the Trump-Xi summit produced little news to excite investors.

Asian markets looked set for a mixed open Wednesday as investors grappled with hotter-than-expected inflation, U.S.-Iran tensions and U.S.-China trade talks.

'A hotter-than-expected inflation report and persistent geopolitical tensions reminded investors that sticky prices and elevated energy costs are not going away anytime soon,'…