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Asian markets rise as US stock indexes near records amid easing trade tensions

  • Shares in Asian markets rose as U.S. Stock indexes approached record highs, while oil prices continued to rise.
  • The U.S. Trade Representative extended exemptions for tariffs on certain Chinese goods, including solar manufacturing equipment, until August 31.
  • Hong Kong's Hang Seng gained 1.1%, and the Shanghai Composite added 0.3%.
  • Trump announced a doubling of the tariff on steel imports to 50%, which could increase prices for housing and autos.
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Asian markets rise as US stock indexes near records amid easing trade tensions

Shares are higher in Asia after U.S. stock indexes drifted closer to records. Beijing and Washington dialed back trade friction as the U.S. extended exemptions for tariffs on some Chinese goods.

·United States
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Winnipeg Free Press broke the news in Winnipeg, Canada on Monday, June 2, 2025.
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