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Asian stocks mixed on trade jitters, reported tariff delay

Asian shares were mixed amid worries over trade tensions, leavened by media reports that President Donald Trump may delay a decision on auto tariffs.

On Wall Street, a promising update on the Trump administration’s efforts to reach a trade deal with Canada and Mexico by Treasury Secretary Steven Mnuchin put investors in a buying mood. Sentiment also got a boost from reports that the White House plans to delay new tariffs on car and auto parts imports from Europe by up to six months.

Mnuchin also said he expected to travel soon to Beijing to resume talks on the trade dispute that has rattled financial markets and cast doubt over the global economic outlook.

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