Asian shares are mostly higher after S&P 500 rallies 2%

Asian shares were mostly higher on Tuesday after President Donald Trump's decision to delay a 50% tariff on goods coming from the European Union sparked a rally on Wall Street. U.S. futures were little changed and oil prices rose. Japan’s Nikkei 225 gained 0.5% to 37,918.86 and traders were awaiting the outcome of an auction of 40-year Japanese government bonds. Government debt and bonds have become an increasingly important issue for markets in recent weeks as yields have climbed around the world. The 40-year JGB’s yield is at a record 3.5% and a recent auction found relatively few buyers. But…