The Trump administration seems to be the first to blink in the trade war, delaying tariffs against key Chinese imports including laptops, cellphones and clothing. The move sends Asian equities into the green after a rally on Wall Street, led by Apple shares which jumped 4 percent in its best day since May. In Hong Kong, the city’s airport re-opens despite another night of protests and more clashes with police. In Italy, the senate shoots down deputy leader Matteo Salvini’s push for a swift no-confidence vote, dealing a blow to the Lega leader’s drive to force a snap election.

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