TOKYO (AP) — Asian shares mostly advanced Tuesday after President Donald Trump delayed raising tariffs on China for another 90 days.

Japan’s benchmark Nikkei 225 jumped 2.6% to 42,942.14, topping its past all-time record. Toyota Motor Corp.’s shares surged 3.3% and other heavyweight shares also saw big gains.

Hong Kong’s Hang Seng slipped nearly 0.2% to 24,865.07, while the Shanghai Composite edged up 0.3% to 3,658.62.

Trump signed an executive order Monday putting on hold a possible showdown between the world’s two major economies to allow time for more talks on a broad trade agreement. Without an extension, taxes on Chinese imports might have jumped from an already high 30%.

Beijing could have responded by raising retaliatory levies on U.S. exports to China but it issued a similar st

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