European stocks are set to climb on Wednesday amid a worldwide market rally after U.S. President Donald Trump on Tuesday postponed the September 1 deadline for 10% tariffs on remaining Chinese imports.
Global stocks rallied on Tuesday after President Trump announced that the U.S. would delay duties on cellphones, laptops and other consumer goods in the hope of dampening their impact on U.S. holiday sales.
Stocks in Asia Pacific traded higher Wednesday afternoon on the news, led by a 1.24% gain for the Shenzhen component, while Hong Kong's Hang Seng index returned to positive territory despite heightened tensions as protesters continue to disrupt the city's airport.
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