Asian Markets Surge Amid Easing Trade Tensions

Asian stocks rose following easing trade tensions between the U.S. and China and expectations of Sanae Takaichi becoming Japan's prime minister. U.S. President Trump anticipates a fair trade deal with China, boosting investor sentiment. Japanese stocks hit record highs, while Australian shares surged on mineral deals.

Asian stock markets experienced gains on Tuesday, driven by expectations of reduced trade tensions between the United States and China. This positive sentiment was further buoyed by the anticipated appointment of Sanae Takaichi as Japan's next prime minister, which elevated the Nikkei to new heights.

U.S. President Donald Trump's optimism about reaching a fair trade agreement with Chinese President Xi Jinping has provided a significant lift to investor sentiment. Recent tensions between the U.S. and China had weighed on the markets, but with President Trump's upcoming meeting with Xi in South Korea, hopes for a resolution have reignited.

Investors have responded positively, with MSCI's index of Asia-Pacific shares outside Japan reaching a four-and-a-half-year high. Meanwhile, Australia's stock market saw a surge as investors moved into rare earths and critical minerals stocks, backed by a new supply deal with the United States.

(With inputs from agencies.)