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

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