Asian stocks rose on Tuesday with Japanese equities hitting a record high as the extension of the tariff truce between the U.S. and China boosted sentiment and focus turned to a key U.S. inflation report to gauge the future policy-rate path.

Asian shares mostly advanced Tuesday after President Donald Trump delayed raising tariffs on China for another 90 days. Tokyo’s benchmark Nikkei 225 jumped 2.2% to 42,718.17,