Asia shares rise, bonds hold steady on tariff reprieve

News Snapshot:

Asia shares have edged slightly higher, helped by gains in auto companies after US President Donald Trump suggested he might grant exemptions on auto-related levies already in place. US Treasury bonds steadied having staged a recovery overnight following last week's historic selloff, while the dollar continued to fall out of favour with investors. Trump said on Monday he was considering a modification to the 25 per cent tariffs imposed on foreign auto and auto parts imports from Mexico, Canada and other places. Those tariffs could raise the costs of a car by thousands of dollars, and Trump said car companies...