Updates
** Shares of toymakers rise after U.S. and China agree to ease some tariffs
** Barbie-maker Mattel MAT.O up 9.5% at $18.88; Play-Doh maker Hasbro HAS.O up 7% at $65.82
** Trump administration's decision to step back from extreme 145% tariffs is welcome break for Hasbro, Mattel and broader toy industry, which remains deeply tied to Chinese manufacturing, says Zak Stambor, senior analyst at EMarketer
** It gives toy companies additional time to pivot production optimally and potentially forward position inventory ahead of back-to-school and holiday seasons, says Jamie Katz, analyst at Morningstar
** "Retailers may get a short-term reprieve heading into the holidays, but the long-term outlook is anything but settled," Stambor adds
** As of last close, MAT down 3% and HAS up 10% YTD
(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com;))
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