In Asian Equity Markets stocks rose on Tuesday after Wall Street rebounded on the first day of the trading week as China and the U.S. moved to ease trade tensions. In Tokyo, the Nikkei 225 jumped 2.29 percent. Seoul’s Kospi also climbed, with the benchmark adding 0.67 percent even as index heavyweight Samsung Electronics slid 0.8 percent. That decline was offset by gains in automakers and financials, with Hyundai Motor rising 1.67 percent. Steelmakers were mixed after South Korea said on Monday that its steelmakers would face U.S. quotas on imports, but not tariffs: Posco rose 4.27 percent and Hyundai Steel jumped 1.78 percent, but Seah Steel lost 3.92 percent.

In Currency Markets the safe haven Japanese yen sagged on Tuesday as optimism that the United States and China could begin negotiations on trade helped ease concerns about a trade war, reviving demand for riskier assets. Global markets were shaken last week after U.S. President Donald Trump moved to impose tariffs on Chinese goods and Beijing threatened similar measures, sparking fears of a trade war between the world’s two largest economies. The euro rose 0.2 percent against the yen to 131.53 yen, after jumping 1.4 percent on Monday for its biggest one-day percentage gain since June 2017.

In Commodities Markets oil prices rose on Tuesday, pushed up by concerns that tensions in the Middle East could lead to supply disruptions. Hopes that behind-the-scenes talks between the United States and China will prevent a looming trade war between the world’s two biggest economies also supported global markets, including crude oil futures. U.S. West Texas Intermediate (WTI) crude futures were at $65.89 a barrel, up 34 cents, or 0.5 percent, from their previous close. Brent crude futures were at $70.34 per barrel, up 22 cents, or 0.3 percent. In Asia, Shanghai crude oil futures saw their second day of trading, repeating Monday’s high volumes.

In US Equity Markets main U.S. stock indices advanced more than 2 percent on Monday, helping recoup some of last week’s losses, amid signs that the United States and China were willing to negotiate on tariffs eased concerns about a trade war between the two countries. The S&P 500 gained 2.72 percent, to 2,658.55 and the Nasdaq Composite added 3.26 percent, to 7,220.54. Microsoft pulled the indexes higher, gaining 7.6 percent. Morgan Stanley upped its price target on the tech company’s stock, saying its market value could hit $1 trillion on improved margins and growth in cloud computing.

In Bond Markets Japanese government bond prices dipped across the board on Tuesday, as the stock market rallied due to an ebb in trade war fears and reduced investor demand for safe-haven debt. The five-year yield rose 1 basis point to minus 0.115 percent, while the 10-year yield was up 1 basis point at 0.010 percent. The 30-year yield edged up 0.5 basis point to 0.740 percent after declining to 0.735 percent late last week when fears of a trade conflict between the United States and China shook the global financial markets.