World News: 02:03 GMT Wednesday 14th August 2019. [Yahoo Business News Feed via SPi World News]
Asian 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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