A rally in global stocks extended with Asian shares trading above their record close as easing trade tensions and optimism about interest-rate cuts bolstered sentiment.
MSCI’s regional stock gauge topped its record close with benchmarks in Japan and South Korea both at all-time highs. An all-country world index was also poised to for a new peak and equity-index futures indicated more gains for US benchmarks after Monday’s rally. Japanese shares rose amid expectations the pro-stimulus Sanae Takaichi will become the nation’s next prime minister.