Asian markets took a weak lead-in from Wall Street, which logged a muted overnight session as Trump threatened more trade tariffs, this time on copper and pharmaceutical imports. Trump’s threat came after he began issuing letters to major economies outlining U.S. tariffs on their imports.

—Asian stock markets mostly advanced Tuesday after President Trump unveiled his three-week extension to negotiate trade agreements, spurring mild hopes for deals following punishing U.S. tariffs. Japan’s Nikkei 225 index gained 0.3%, and Hong Kong’s Hang Seng gained 1%. China’s benchmark Shanghai Composite gained 0.7%.

Stock markets slipped in Asia amid much confusion as U.S. officials flagged a delay on tariffs but failed to provide any detail or paperwork on the change, while oil prices slid as OPEC+ opened the supply spigots more than expected.