Asian shares race to six-month high on hopes of tariff relief

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Asian shares race to six-month high on hopes of tariff relief
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Asian shares vaulted to six-month highs on Tuesday, surpassing their July peaks,...

Beijing and Washington spoke of progress in trade talks on Friday and U.S. Commerce Secretary Wilbur Ross said licenses for U.S. companies to sell components to China’s Huawei Technologies Co will come “very shortly.”

U.S. employment data released on Friday showed strong job gains despite the drag from a strike at General Motors , offering some assurance that consumers would continue to support the slowing economy. The next focus on the U.S. economic front is U.S. non-manufacturing survey due later on Tuesday, with economists expecting a rebound in business sentiment from a three-year low.Bonds are losing some of their appeal and the yield on benchmark 10-year notes rose back to 1.805% US10YT=RR compared to last week’s low of 1.670%., extending its recovery from 107.89 touched on Friday.

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