Stocks extended gains Tuesday on further signs that China-US trade tensions were easing, with Tokyo hitting another record as Japan prepares to swear in a new prime minister and bring an end to a period of political uncertainty.

Investors were back in a buying mood after last week’s ructions caused by Donald Trump’s threat earlier in the month to hammer China with 100 percent tariffs over its latest rare earth export controls.

The US president — who had lashed Beijing’s “extraordinarily aggressive” moves — has since toned down his rhetoric and on Monday expressed optimism ahead of a meeting with Chinese counterpart Xi Jinping at the APEC summit in South Korea.

He said he was focused on getting a “fair” trade deal between the superpowers, adding: “I want to be good to China. I love my re

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