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Asian stock markets edged higher on Tuesday, extending a rise from a nine-month low amid optimism that the upcoming earnings season will be robust enough to overshadow a rise in trade tensions.
Equities in Japan, Hong Kong, and South Korea rose after the S&P 500 Index climbed to the upper end of its recent trading range.
Regional gains were muted as shares in Shanghai and Sydney bucked the positive trend. Still, the yen fell past 111 per dollar and 10-year Treasury yields ticked higher as risk aversion faded.
With US President Donald Trump focusing on a Supreme Court pick and an upcoming trip to Europe, trade-war headlines have faded since last Friday’s imposition of US and Chinese tariff hikes.
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