Sydney — A surge in Shanghai shares led Asia higher on Monday after US President Donald Trump confirmed he would delay a planned hike in tariffs on Chinese imports as talks between the two sides made “substantial progress”. Chinese blue chips jumped 3.5% to territory last trod in mid-June. That brought gains this year to 20%, helped in part by Beijing’s efforts to pump new credit into the financial system. The Australian dollar, a liquid proxy for China investments, got a mild lift from the news and the dollar touched a fresh seven-month low on the yuan. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3% to the highest since October, and is up 10 percent for the year so far. Japan’s Nikkei climbed 0.5% to levels last seen in mid-December. E-mini futures for the S&P 500 edged up 0.2%, while spread-betters pointed to opening gains for the major European bourses. Trump on Sunday tweeted he would push back the March 1 deadline for higher tariffs and looked forward to ...

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