Asian shares mostly advanced Tuesday after President Donald Trump delayed raising tariffs on China for another 90 days. Japan's benchmark Nikkei 225 jumped 2.6% to 42,942.14, topping its past all-time record.

U.S. President Donald Trump extended a tariff truce with China by another 90 days on Monday, a White House official said, staving off triple-digit duties on Chinese goods as U.S. retailers prepared for the critical end-of-year holiday season.

US President Donald Trump is set to make the final call on maintaining a tariff truce with China before it expires in two weeks, an extension that would mark a continued stabilization in ties between the world’s two biggest economies.