Shares rose early Tuesday in Asia after U.S. stock indexes drifted closer to records, while oil prices extended gains. Beijing and Washington dialed back trade friction as the U.S. extended exemptions for tariffs on some Chinese goods,

Asia stock markets trade mostly higher on Tuesday, China unexpectedly contracted factory activity in May, pressured sentiment. Read more details here.

Japan’s Nikkei Stock Average rose 1.5%, led by gains in chip-related and auto shares. South Korea’s Kospi climbed 1.4% and Hong Kong’s Hang Seng Index gained 0.5%.