Stocks bounce, safe havens retreat as Trump delays China tariff

World News: . []

Stocks bounce, safe havens retreat as Trump delays China tariffAsian shares joined a global equities rally and safe-haven government bonds pulled back on Wednesday, after Washington delayed tariffs on some Chinese imports in much-needed relief for markets gripped by political and economic turmoil. Wall Street stocks soared overnight as U.S. President Donald Trump backed off his Sept. 1 deadline for 10% tariffs on the remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods in the hopes of blunting their impact on U.S. holiday sales. The surge in U.S. stocks lifted MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> by 0.4%.


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