Most Asian indexes rose as President Donald Trump left the door open for additional trade talks, providing a reprieve to markets after imposing new tariff rates on several countries. Shares in South Korea jumped more than 1.4% and the Nikkei-225 index advanced 0.2%.
The MSCI regional stock benchmark edged up 0.1%, after swinging between small gains and losses earlier Tuesday. The won strengthened, while a gauge of the dollar dipped 0.2%.
The euro gained on a report the US offered a deal to the European Union with a 10% tariff level. Yields on Japan’s 30-year government bonds extended their advance.
The Australian dollar spiked higher after the central bank surprised investors by keeping interest rates unchanged.
Late on Monday, Trump said he was still open to negotiations and pushed off increased duties until at least Aug. 1, easing concerns for markets.
Stocks have recovered from their April plunge – when sweeping levies were first announced – fueled by expectations that the tariff deadline will be extended, based on Trump’s pattern of threatening first and backing down later.
