—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%.

Stock markets slipped in Asia amid much confusion as U.S. officials flagged a delay on tariffs but failed to provide any detail or paperwork on the change, while oil prices slid as OPEC+ opened the supply spigots more than expected.

Asia markets are higher, with the Nikkei 225 up 0.3% after President Trump sent 25% tariff letters to US trading partners including Japan and South Korea. The Hang Seng index also rose 0.7%, in contrast to yesterday’s session on Wall Street after the S&P 500 index fell 0.8% from Thursday’s record high.