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Asian stocks surge as trade tensions ease, Nikkei hits record
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Asian markets rally, with Nikkei hitting record highs on easing US-China trade concerns.
Asian equities rallied Tuesday amid renewed optimism around Donald Trump’s remarks suggesting a fair trade deal with China and upcoming talks at the APEC summit. The MSCI Asia-Pacific index (ex Japan) climbed nearly 0.94%, reaching a 4½-year high. Japan’s Nikkei 225 surged as investors cheered the likely ascension of Sanae Takaichi as prime minister and her anticipated pro-stimulus stance. Gains spread across China and Hong Kong markets as global risk sentiment improved.