In Asian Equity Markets indices traded higher Wednesday morning as the U.S. announced a delay in the implementation of tariffs on some Chinese goods. In Japan, the Nikkei 225 jumped 1.14% in early trade as shares of index heavyweight and robot maker Fanuc rose 2.81%. Over in South Korea, the Kospi gained 1.37% as chipmaker SK Hynix’s stock jumped 4.16%. Australia’s S&P/ASX 200 also rose 0.44%. Meanwhile, tensions in Hong Kong remained high after the city’s airport saw disruptions for a second day on Tuesday as a result of protests.

In Currency Markets the yen edged higher on Wednesday as currency investors took a skeptical view of U.S. President Donald Trump’s decision to delay additional tariffs on some Chinese goods. The offshore yuan edged slightly lower against the dollar before the release of closely-watched industrial output and retail sales data due later in the day. The dollar fell 0.27% to 106.47 yen. The Australian dollar also fell 0.3% to 72.33 yen AUDJPY=, while the New Zealand dollar fell 0.2% to 72.39 yen.

In Commodities Markets oil prices fell on Wednesday after industry data showed U.S. crude inventories unexpectedly rose last week, erasing some gains from the last session that were stoked after Washington said it would delay tariffs on some Chinese goods. Brent crude was down 35 cents, or 0.6%, at $60.95 a barrel, after rising 4.7% on Tuesday, the biggest percentage gain since December. U.S. oil was down 46 cents, or 0.8%, at $56.64 a barrel, having risen 4% the previous session, the most in just over a month.

In US Equity Markets stocks closed higher on Tuesday after an announced delay of planned tariffs on some Chinese imports brought buyers back to the equities market in a broad-based rally. The S&P 500 gained 1.47%, to 2,926.23 and the Nasdaq Composite added 1.95%, to 8,016.36. All of the 11 major sectors in the S&P 500 closed in the black. Toys and footwear were among the Chinese goods temporarily spared from additional tariffs. Nike Inc rose 2.0%, while toy-makers Hasbro Inc  and Mattel Inc advanced 2.7% and 4.6%, respectively.

In Bond Markets the U.S. Treasury yield curve hit its flattest level in more than 12 years on Tuesday, suggesting increased market anxiety over the state of the economy amid trade war concerns and global political tensions. U.S. two-year and 10-year note yields hit session highs after the trade news, while those on 30-year bonds rallied from more than three-year lows. Yields on 30-year bonds advanced to 2.14% from 2.13% on Monday. Thirty-year yields earlier hit 2.097%, their lowest level since July 2016.