Asia shares rise, bonds hold steady on tariff reprieve

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…