Japanese automakers' shares surged in US trading, though Toyota Motor Corp's shares fell back in Tokyo trading.losing 1%.Honda Motor Corp.gained 2% and Nissan Motor Co.rose 1.1%.
Hong Kong's Hang Seng index jumped 3.3% to 24,362.68 following Chinese government reports to the annual legislative session that showed a greater resolve by Beijing to boost consumer spending and other domestic demand.
Trump's decision to give a one-month exemption for US automakers on his 25% tariffs for Mexican and Canadian imports raised hopes he may avoid a worst-case trade war that grinds down economies and sends inflation higher.
The story "Asian shares rebound as investors cheer Trump's pullback on some tariffs" has 790 words across 35 sentences, which will take approximately 4 - 7 minutes for the average person to read.
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