Asia stocks set to rise following overnight gains on Wall Street
The moves came after the U.S. temporarily backed off on restrictions on Chinese telecommunications giant Huawei.
The Commerce Department said Monday night it would allow Huawei to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets until Aug. 19. The move sought to minimize disruption for the telecom company's customers around the world. The initial restrictions worried investors that the ongoing U.S.-China trade war was intensifying.
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