Asia-Pacific markets rise on Tuesday as concerns about a potential trade war eased after U.S. President Donald Trump delayed tariffs on Canada and Mexico for a month. Late on Monday, President Donald Trump agreed to “immediately pause” tariffs on Mexico and Canada for a month following successful negotiations with their respective leaders.

Gains in Asian tech companies were broad-based, with stocks in Japan, South Korea and Hong Kong advancing. Semiconductor players Advantest and Lasertec led gains among Japanese tech stocks. In Hong Kong Tencent,

Asian stocks reliant on exports, ranging from Japanese carmakers to Chinese e-commerce firms, nosedived after US President Donald Trump unleashed his first wave of tariffs, signaling the beginning of a new round of global trade war.