Asian stocks surge as trade tensions ease, Nikkei hits record


A woman walks past an electronic screen displaying the stock index prices of Asian countries outside a brokerage in Tokyo, Japan April 24, 2025. REUTERS/Issei Kato

SINGAPORE: Asian stocks rose on Tuesday as the prospect of easing trade tensions between the world's top two economies boosted risk sentiment, while the near-certainty of Sanae Takaichi becoming Japan's next prime minister sent the Nikkei to a record high.

U.S. President Donald Trump said he expects to reach a fair trade deal with Chinese President Xi Jinping and downplayed risks of a clash over the issue of Taiwan.

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