Stock indexes in Asia scaled peaks after President Trump said he would grant China a 90-day extension on tariffs that were set to kick in Tuesday.

By Jaspreet Kalra SINGAPORE (Reuters) -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.

Asia shares rise on Monday, as investors awaited an announcement on whether the US-China tariff truce will be extended ahead of the August 12 deadline. Market focus shifted to upcoming US inflation data after the greenback came under pressure last week.