Asian stocks climbed to a record, led by Japan, while gold advanced to an all-time high and Bitcoin hovered near its recent peak as investors bet that looser monetary policy and accelerating AI investments will bolster risk appetite.
The Nikkei 225 index jumped more than 4%, heading for the biggest one-day gain since April, after pro-stimulus lawmaker Sanae Takaichi was positioned to become the country’s next prime minister. MSCI’s gauge of Asian shares climbed for a sixth day, propelling the index to a new record.