Stocks Rise On Positive Tariff News – Asia Market Wrap

Asian shares gained, led by Japan, as US President Donald Trump floated a potential pause in auto tariffs, providing further relief to the market after suspending levies on some consumer electronics.

Indexes in Japan rose more than 1% with companies such as Toyota Motor Corp. and Honda Motor Co. jumping. Shares in China and Hong Kong fluctuated while futures contracts for the US and Europe pared earlier losses. Treasuries climbed, and a gauge of the dollar edged higher to trim some of its decline on Monday.

Markets are consolidating as the exemptions raised hopes there may be room for negotiations after the president’s reciprocal tariffs this month wiped $10 trillion off global equities and spurred a rout in Treasuries. Still, the flip-flops are keeping investors on edge and business leaders including JPMorgan Chase & Co.’s Jamie Dimon have warned that Trump’s effort to remake the global trading order may push the US into a recession.