Investors are digesting Trump's stiff tariffs on imports from more than a dozen countries and delayed the return of sweeping April levies.

President Donald Trump unveiled tariffs on 14 countries, and signed an executive order to extend the “reciprocal” tariff deadline to Aug. 1.

—Asian stock markets mostly advanced Tuesday after President Trump unveiled his three-week extension to negotiate trade agreements, spurring mild hopes for deals following punishing U.S. tariffs. Japan’s Nikkei 225 index gained 0.3%, and Hong Kong’s Hang Seng gained 1%. China’s benchmark Shanghai Composite gained 0.7%.