Mattel, Hasbro rise as US-China ease tariffs

Shares of toymakers rise premarket after U.S. and China agree to ease some tariffs

Barbie-maker Mattel MAT.O up 7.3% at $18.50, Play-Doh maker Hasbro HAS.O up 3.6% at $63.75

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

"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