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.
42 Articles
42 Articles
Asian markets rise as US stock indexes near records
MANILA, Philippines – Shares rose early Tuesday in Asia after US stock indexes drifted closer to records, while oil prices extended gains. Beijing and Washington dialed back trade friction as the US extended exemptions for tariffs on some Chinese goods, including solar manufacturing equipment, that US industries rely on for their own production. The US
World shares are mostly higher after modest gains put Wall St close to records
Shares were mostly higher Tuesday in Asia after U.S. stock indexes drifted closer to records, while oil prices extended gains.The futures for the S&P 500 and the Dow Jones Industrial Average fell 0.3%.Markets in China advanced despite a report showing manufacturing activity slowed in May, even after China and the U.S. paused tariff hikes to allow time for talks. In early European trading, Germany's DAX climbed 0.3% to 23,996.47, while the CAC 40…

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.
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