Asian shares are mixed after S&P 500 rallies 2%, while Japan bond auction sees weak demand

News Snapshot:

Asian shares were mixed on Wednesday after President Donald Trump decided to delay a 50% tariff on goods coming from the European Union, sparking a rally on Wall Street. U.S. futures were little changed and oil prices rose. Japan's Nikkei 225 index edged 0.1% higher to 37,757.34. A closely watched auction of 40-year Japanese government bonds worth about 500 billion yen ($3.5 billion) drew weak demand as worries mount over growing levels of debt. Government debt and bonds have become an increasingly important issue for markets in recent weeks as yields have climbed around the world. Wednesday’s auction drew a...