Global markets today, July 29 -- Asian markets declined as investors remained cautious ahead of the results from the ongoing U.S.-China trade negotiations.

Japan's Nikkei 225 dropped 0.61 per cent, while the Topix index slipped 0.76 per cent.

South Korea's Kospi shed 1.09 per cent, and the Kosdaq, focused on smaller stocks, declined by 0.88 per cent. Meanwhile, Australia's S&P/ASX 200 also ended lower, falling by 0.42 per cent.

Investors are also looking ahead to the outcome of the U.S. Federal Reserve meeting scheduled for Wednesday, where a decision on a potential interest rate cut is expected.

The S&P 500 inched up to notch a record closing high for the sixth consecutive session on Monday, while the Nasdaq also ended at a record hi...