NAB profit falls 2.5pc, ASX closes up buoyed by US-China talks to 'de-escalate' trade war — as it happened

The ASX closed up after the US and China confirmed they will hold negotiations this week in an attempt to scale back their trade war. National Australia Bank's half-year profit drops 2.5 per cent. Catch up on the day's events and insights from our business reporters on the ABC News live markets blog.