Asian shares advance: Asian shares advance after Trump delays tariffs
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Asian shares climbed after President Donald Trump delayed tariffs on Mexico and Canada for a month, and said he’d hold further talks with China. Stocks in Australia and Japan gained, while contracts for Hong Kong stocks also looked up. US futures rose after the S&P 500 on Monday trimmed most of its slide that earlier approached 2%. The reversal in sentiment came after Trump agreed to delay tariffs against Mexico following a conversation with his counterpart Claudia Sheinbaum. That spurred a quick turnaround in currencies with a gauge of the dollar falling from its strongest in more than two years and the yen paring its rally in a bid for safety. Canada’s loonie gained after Justin Trudeau said US tariffs would also be paused for now. The US may speak with China over the next 24 hours. “The overnight pushing back of tariffs on Mexico serves as a reminder of the cycle we have entered: tariff announcements are followed by calls and negot...